Zacks: Federal Agricultural Mortgage Corp. (AGM) Receives Consensus Rating of “Strong Buy” from Brokerages
Shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Zacks has also assigned Federal Agricultural Mortgage an industry rank of 231 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently weighed in on AGM shares. Sidoti upgraded Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Wednesday, February 14th. ValuEngine upgraded Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $86.00 price target on shares of Federal Agricultural Mortgage in a report on Friday, December 22nd.
Federal Agricultural Mortgage (AGM) traded down $5.07 on Thursday, hitting $85.36. The company had a trading volume of 68,963 shares, compared to its average volume of 35,284. The firm has a market cap of $906.18, a PE ratio of 13.88 and a beta of 1.23. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.80. Federal Agricultural Mortgage has a 1-year low of $53.78 and a 1-year high of $92.57.
Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Thursday, March 8th. The credit services provider reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.14. The business had revenue of $43.96 million for the quarter. Federal Agricultural Mortgage had a return on equity of 15.34% and a net margin of 20.21%.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Monday, March 19th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, March 16th. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $0.36. Federal Agricultural Mortgage’s dividend payout ratio is 21.79%.
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Federal Agricultural Mortgage Company Profile
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.
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