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Shares of Stonegate Mortgage Corp (NYSE:SGM) have received a consensus rating of “Buy” from the ten ratings firms that are covering the stock, AnalystRatings.Net reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $16.60.

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Stonegate Mortgage Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $14.20 price target on the stock. Separately, analysts at Compass Point raised their price target on shares of Stonegate Mortgage Corp from $13.00 to $14.00 in a research note on Monday, August 11th. They now have a “neutral” rating on the stock. Finally, 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.

Stonegate Mortgage Corp (NYSE:SGM) opened at 14.50 on Tuesday. 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 $13.64 and a 200-day moving average of $14.01. The company’s market cap is $373.7 million.

Stonegate Mortgage Corp (NYSE:SGM) last announced its earnings results on Thursday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was up 32.7% on a year-over-year basis. Analysts expect that Stonegate Mortgage Corp will post $1.49 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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