Federal Agricultural Mortgage (NYSE:AGM) Cut to Sell at Wall Street Zen

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

Several other research firms also recently commented on AGM. Weiss Ratings restated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research report on Monday, December 22nd. Keefe, Bruyette & Woods upgraded Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and increased their price objective for the stock from $217.00 to $219.00 in a research note 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. According to data from MarketBeat.com, Federal Agricultural Mortgage currently has an average rating of “Moderate Buy” and a consensus target price of $219.00.

Federal Agricultural Mortgage Trading Down 14.0%

Shares of AGM opened at $149.60 on Friday. The stock’s 50-day moving average price is $174.03 and its 200 day moving average price is $175.89. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.81. Federal Agricultural Mortgage has a 12-month low of $148.53 and a 12-month high of $212.24. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 0.82 and a beta of 0.99.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Thursday, February 19th. The credit services provider reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.84). Federal Agricultural Mortgage had a net margin of 15.73% and a return on equity of 18.20%. The business had revenue of $101.39 million during the quarter, compared to analyst estimates of $107.45 million. As a group, research analysts predict that Federal Agricultural Mortgage will post 17.6 earnings per share for the current year.

Hedge Funds Weigh In On Federal Agricultural Mortgage

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CSM Advisors LLC bought a new stake in Federal Agricultural Mortgage during the 2nd quarter worth about $5,916,000. American Century Companies Inc. lifted its position in shares of Federal Agricultural Mortgage by 7.7% during the second quarter. American Century Companies Inc. now owns 263,396 shares of the credit services provider’s stock worth $51,173,000 after purchasing an additional 18,846 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Federal Agricultural Mortgage during the third quarter valued at approximately $1,063,000. Thrivent Financial for Lutherans grew its stake in shares of 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 valued at $70,665,000 after purchasing an additional 43,160 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Federal Agricultural Mortgage in the second quarter valued at approximately $350,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Company Profile

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.