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Stonegate Mortgage Corp (NYSE:SGM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday. They currently have a $13.00 target price on the stock. Zacks‘s target price suggests a potential downside of 5.11% from the stock’s previous close.

SGM has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets cut their price target on shares of Stonegate Mortgage Corp from $18.00 to $16.00 in a research note on Monday. They now have an “outperform” rating 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $16.83.

Shares of Stonegate Mortgage Corp (NYSE:SGM) traded down 1.61% during mid-day trading on Wednesday, hitting $13.48. The stock had a trading volume of 32,301 shares. Stonegate Mortgage Corp has a 1-year low of $11.81 and a 1-year high of $18.94. The stock has a 50-day moving average of $14.73 and a 200-day moving average of $14.61. The company has a market cap of $347.4 million and a price-to-earnings ratio of 57.32.

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. Analysts expect that Stonegate Mortgage Corp will post $1.58 EPS for the current fiscal year.

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

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