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Research analysts at FBR Capital Markets reduced their price objective on shares of Stonegate Mortgage Corp (NYSE:SGM) from $18.00 to $16.00 in a report released on Monday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target points to a potential upside of 12.04% from the company’s current price.

Stonegate Mortgage Corp (NYSE:SGM) opened at 14.28 on Monday. Stonegate Mortgage Corp has a 52 week low of $11.81 and a 52 week high of $18.94. The stock’s 50-day moving average is $14.68 and its 200-day moving average is $14.71. The company has a market cap of $368.0 million and a P/E ratio of 59.37.

Stonegate Mortgage Corp (NYSE:SGM) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the 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.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Stonegate Mortgage Corp from an “underperform” rating to a “neutral” rating in a research note on Monday, June 9th. 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.23.

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

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