Federal Agricultural Mortgage (NYSE:AGM) Price Target Raised to $255.00

Federal Agricultural Mortgage (NYSE:AGM) had its price objective increased by equities research analysts at Keefe, Bruyette & Woods from $228.00 to $255.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 12.36% from the company’s current price.

Several other brokerages also recently commented on AGM. Weiss Ratings upgraded shares of Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Wall Street Zen raised shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Federal Agricultural Mortgage currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.00.

Federal Agricultural Mortgage Stock Down 0.3%

NYSE AGM opened at $226.96 on Monday. Federal Agricultural Mortgage has a 1-year low of $136.57 and a 1-year high of $228.38. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.03 and a beta of 0.98. The stock’s 50 day moving average is $193.87 and its two-hundred day moving average is $175.11. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.82.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Thursday, July 30th. The credit services provider reported $5.40 EPS for the quarter, topping the consensus estimate of $4.87 by $0.53. The business had revenue of $125.01 million during the quarter, compared to the consensus estimate of $113.51 million. Federal Agricultural Mortgage had a return on equity of 18.90% and a net margin of 29.98%. Equities analysts forecast that Federal Agricultural Mortgage will post 20 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Several institutional investors and hedge funds have recently made changes to their positions in AGM. Allworth Financial LP boosted its holdings in shares of Federal Agricultural Mortgage by 640.0% in the fourth quarter. Allworth Financial LP now owns 185 shares of the credit services provider’s stock valued at $32,000 after buying an additional 160 shares during the period. Acadian Asset Management LLC acquired a new position in Federal Agricultural Mortgage in the 1st quarter worth $34,000. Farther Finance Advisors LLC increased its holdings in Federal Agricultural Mortgage by 53.6% during the 4th 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. Kestra Advisory Services LLC acquired a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at about $40,000. Finally, Advisory Services Network LLC bought a new stake in shares of Federal Agricultural Mortgage in the third quarter valued at about $48,000. Institutional investors and hedge funds 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.