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Shares of Stonegate Mortgage Corp (NYSE:SGM) have earned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, Analyst Ratings Network reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $18.07.

In other Stonegate Mortgage Corp news, Director Richard A. Kraemer purchased 10,000 shares of Stonegate Mortgage Corp stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average price of $15.16 per share, with a total value of $151,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Stonegate Mortgage Corp (NYSE:SGM) traded down 0.59% on Thursday, hitting $15.11. 1,086 shares of the company’s stock traded hands. Stonegate Mortgage Corp has a one year low of $11.81 and a one year high of $18.94. The stock has a 50-day moving average of $13.69 and a 200-day moving average of $14.95. The company has a market cap of $389.4 million and a P/E ratio of 63.60.

Stonegate Mortgage Corp (NYSE:SGM) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.03. On average, analysts predict that Stonegate Mortgage Corp will post $1.58 earnings per share for the current fiscal year.

SGM has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Stonegate Mortgage Corp from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $15.40 price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Stonegate Mortgage Corp in a research note on Friday, May 16th. They now have a $18.00 price target on the stock, down previously from $19.00. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of Stonegate Mortgage Corp from a “market perform” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $17.00 price target on the stock.

Stonegate Mortgage Corporation is a United States-based specialty financial services firm focused on the United States residential mortgage market.

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