Federal Agricultural Mortgage (NYSE:AGM) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Federal Agricultural Mortgage (NYSE:AGM) had its price target lifted by analysts at Keefe, Bruyette & Woods from $215.00 to $228.00 in a research note issued on Tuesday,Benzinga reports. The brokerage 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 current price.

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

Federal Agricultural Mortgage Stock Performance

Federal Agricultural Mortgage stock traded down $0.51 during mid-day trading on Tuesday, reaching $176.44. 6,223 shares of the company were exchanged, compared to its average volume of 115,121. The firm’s 50-day simple moving average is $159.48 and its two-hundred day simple moving average is $166.87. Federal Agricultural Mortgage has a twelve month low of $136.57 and a twelve month high of $210.64. The firm has a market cap of $1.92 billion, a PE ratio of 10.15, a price-to-earnings-growth 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 results on Tuesday, May 5th. The credit services provider reported $4.74 EPS for the quarter, topping the consensus estimate of $4.44 by $0.30. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%.The business had revenue of $109.13 million during the quarter, compared to analysts’ expectations of $110.76 million. Equities analysts predict that Federal Agricultural Mortgage will post 19.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans grew its position in Federal Agricultural Mortgage by 11.4% during the third quarter. Thrivent Financial for Lutherans now owns 420,679 shares of the credit services provider’s stock worth $70,665,000 after buying an additional 43,160 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Federal Agricultural Mortgage during the 3rd quarter valued at approximately $1,063,000. Captrust Financial Advisors boosted its stake in shares of Federal Agricultural Mortgage by 5.9% during the 3rd quarter. Captrust Financial Advisors now owns 312,646 shares of the credit services provider’s stock worth $52,518,000 after acquiring an additional 17,293 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Federal Agricultural Mortgage by 9.6% in the 3rd quarter. American Century Companies Inc. now owns 288,701 shares of the credit services provider’s stock worth $48,496,000 after acquiring an additional 25,305 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Federal Agricultural Mortgage in the 3rd quarter worth approximately $3,446,000. Hedge funds and other 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.