Federal Agricultural Mortgage (NYSE:AGM) Price Target Raised to $228.00

Federal Agricultural Mortgage (NYSE:AGM) had its price objective hoisted by investment analysts at Keefe, Bruyette & Woods from $215.00 to $228.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 29.22% from the stock’s previous close.

Separately, Wall Street Zen raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Federal Agricultural Mortgage has an average rating of “Moderate Buy” and an average price target of $228.00.

Federal Agricultural Mortgage Stock Down 0.3%

Shares of NYSE:AGM traded down $0.51 during trading hours on Tuesday, reaching $176.44. The stock had a trading volume of 6,223 shares, compared to its average volume of 115,121. Federal Agricultural Mortgage has a 1 year low of $136.57 and a 1 year high of $210.64. The firm’s 50 day moving average is $159.48 and its 200-day moving average is $166.87. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 0.83 and a beta of 1.02. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.56 and a current ratio of 0.56.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $4.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.44 by $0.30. The business had revenue of $109.13 million during the quarter, compared to analysts’ expectations of $110.76 million. Federal Agricultural Mortgage had a net margin of 20.78% and a return on equity of 18.20%. Research analysts predict that Federal Agricultural Mortgage will post 19.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Federal Agricultural Mortgage

A number of institutional investors and hedge funds have recently bought and sold shares of AGM. First Wilshire Securities Management Inc. boosted its stake in Federal Agricultural Mortgage by 0.3% in the fourth quarter. First Wilshire Securities Management Inc. now owns 26,616 shares of the credit services provider’s stock valued at $4,673,000 after acquiring an additional 72 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Federal Agricultural Mortgage by 53.6% during the fourth quarter. Farther Finance Advisors LLC now owns 212 shares of the credit services provider’s stock worth $37,000 after purchasing an additional 74 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Federal Agricultural Mortgage by 6.5% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 1,338 shares of the credit services provider’s stock valued at $235,000 after purchasing an additional 82 shares during the last quarter. Applied Capital LLC FL boosted its position in shares of Federal Agricultural Mortgage by 1.9% in the 3rd quarter. Applied Capital LLC FL now owns 6,612 shares of the credit services provider’s stock valued at $1,111,000 after purchasing an additional 124 shares during the period. Finally, Hudson Edge Investment Partners Inc. boosted its position in shares of Federal Agricultural Mortgage by 2.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 6,000 shares of the credit services provider’s stock valued at $1,053,000 after purchasing an additional 126 shares during the period. 68.03% of the stock is owned by hedge funds and other institutional investors.

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.