Share on StockTwits

Stock analysts at Compass Point boosted their price target on shares of Stonegate Mortgage Corp (NYSE:SGM) from $13.00 to $14.00 in a report issued on Monday. The firm currently has a “neutral” rating on the stock. Compass Point’s target price would indicate a potential upside of 2.04% from the stock’s previous close.

Shares of Stonegate Mortgage Corp (NYSE:SGM) opened at 13.72 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 $13.49 and its 200-day moving average is $14.10. The company’s market cap is $343.7 million.

Stonegate Mortgage Corp (NYSE:SGM) last announced its earnings results on Thursday, August 7th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.01. The company had revenue of $57.60 million for the quarter, compared to the consensus estimate of $62.80 million. The company’s quarterly revenue was up 32.7% on a year-over-year basis. On average, analysts predict that Stonegate Mortgage Corp will post $1.46 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on SGM. 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. 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 company currently has a consensus rating of “Buy” and a consensus price target of $17.00.

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

Receive News & Ratings for Stonegate Mortgage Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stonegate Mortgage Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.