Federal Agricultural Mortgage (NYSE:AGM) Stock Rating Lowered by Wall Street Zen

Federal Agricultural Mortgage (NYSE:AGM) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research note on Monday, December 22nd. Keefe, Bruyette & Woods upgraded Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and upped their target price for the company from $217.00 to $219.00 in a report on Wednesday, November 5th. 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $219.00.

Federal Agricultural Mortgage Trading Down 0.6%

Shares of NYSE AGM opened at $175.26 on Friday. The firm has a 50 day moving average price of $172.86 and a two-hundred day moving average price of $178.33. The stock has a market cap of $1.91 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 0.82 and a beta of 0.99. Federal Agricultural Mortgage has a 52-week low of $155.00 and a 52-week high of $212.24. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.56 and a current ratio of 0.56.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Monday, November 3rd. The credit services provider reported $4.52 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.09. The company had revenue of $97.77 million for the quarter, compared to analysts’ expectations of $100.94 million. Federal Agricultural Mortgage had a net margin of 13.38% and a return on equity of 18.63%. As a group, equities analysts forecast that Federal Agricultural Mortgage will post 17.6 EPS for the current year.

Hedge Funds Weigh In On Federal Agricultural Mortgage

A number of institutional investors and hedge funds have recently modified their holdings of AGM. Allworth Financial LP grew its position in shares of Federal Agricultural Mortgage by 12,800.0% during the 2nd quarter. Allworth Financial LP now owns 129 shares of the credit services provider’s stock worth $25,000 after buying an additional 128 shares during the period. Acadian Asset Management LLC bought a new position in Federal Agricultural Mortgage during the first quarter worth $34,000. Jones Financial Companies Lllp grew its holdings in Federal Agricultural Mortgage by 124.0% in the third quarter. Jones Financial Companies Lllp now owns 271 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 150 shares during the period. Advisory Services Network LLC bought a new stake in Federal Agricultural Mortgage in the third quarter valued at $48,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Federal Agricultural Mortgage during the third quarter valued at about $50,000. 68.03% of the stock is currently owned by 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.