Stonegate Mortgage Corp Receives Average Rating of “Hold” from Analysts (NYSE:SGM)
Stonegate Mortgage Corp (NYSE:SGM) has been given a consensus rating of “Hold” by the ten brokerages that are currently covering the stock, AnalystRatings.NET reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $16.29.
Stonegate Mortgage Corp (NYSE:SGM) opened at 12.86 on Tuesday. Stonegate Mortgage Corp has a one year low of $11.81 and a one year high of $18.94. The stock’s 50-day moving average is $14.09 and its 200-day moving average is $14.33. The company has a market cap of $331.4 million and a price-to-earnings ratio of 53.68.
Stonegate Mortgage Corp (NYSE:SGM) last released its 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. Analysts expect that Stonegate Mortgage Corp will post $1.52 EPS for the current fiscal year.
A number of research firms have recently commented on SGM. Analysts at Compass Point initiated coverage on shares of Stonegate Mortgage Corp in a research note on Wednesday, July 16th. They set a “neutral” rating and a $13.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Stonegate Mortgage Corp from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 9th. They now have a $13.00 price target on the stock. Finally, 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, July 7th. They now have an “outperform” rating 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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