Federal Agricultural Mortgage (NYSE:AGM) Price Target Lowered to $215.00 at Keefe, Bruyette & Woods

Federal Agricultural Mortgage (NYSE:AGM) had its price objective reduced by equities research analysts at Keefe, Bruyette & Woods from $219.00 to $215.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 43.21% from the company’s current price.

Several other brokerages have also issued reports on AGM. Weiss Ratings reiterated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a report on Monday, December 22nd. Wall Street Zen cut Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Federal Agricultural Mortgage has a consensus rating of “Moderate Buy” and an average price target of $215.00.

Federal Agricultural Mortgage Trading Down 13.7%

Shares of Federal Agricultural Mortgage stock opened at $150.13 on Monday. The firm has a fifty day moving average price of $174.03 and a 200 day moving average price of $175.93. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market cap of $1.64 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.70 and a beta of 0.99. Federal Agricultural Mortgage has a 1 year low of $148.53 and a 1 year high of $212.24.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Thursday, February 19th. The credit services provider reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.84). The company had revenue of $101.39 million during the quarter, compared to analysts’ expectations of $107.45 million. Federal Agricultural Mortgage had a return on equity of 17.93% and a net margin of 15.73%. Equities research analysts predict that Federal Agricultural Mortgage will post 17.6 earnings per share for the current year.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Several hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans increased its stake in Federal Agricultural Mortgage by 3.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 436,786 shares of the credit services provider’s stock valued at $76,686,000 after acquiring an additional 16,107 shares during the period. Boston Partners grew its holdings in shares of Federal Agricultural Mortgage by 1.1% during the 2nd quarter. Boston Partners now owns 420,637 shares of the credit services provider’s stock worth $80,137,000 after purchasing an additional 4,764 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Federal Agricultural Mortgage by 14.8% during the fourth quarter. Captrust Financial Advisors now owns 358,908 shares of the credit services provider’s stock valued at $63,013,000 after purchasing an additional 46,262 shares during the period. American Century Companies Inc. raised its stake in shares of Federal Agricultural Mortgage by 9.6% in the third quarter. American Century Companies Inc. now owns 288,701 shares of the credit services provider’s stock valued at $48,496,000 after purchasing an additional 25,305 shares in the last quarter. Finally, Capital World Investors bought a new position in Federal Agricultural Mortgage in the third quarter worth $46,324,000. Institutional investors own 68.03% of the company’s stock.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.