Federal Agricultural Mortgage (NYSE:AGM) was upgraded by stock analysts at Sidoti from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, The Fly reports.
Other analysts also recently issued reports about the company. ValuEngine upgraded Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $86.00 target price on shares of Federal Agricultural Mortgage in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $86.00.
Shares of Federal Agricultural Mortgage (NYSE AGM) opened at $75.65 on Wednesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market capitalization of $797.37, a PE ratio of 10.17 and a beta of 1.22. Federal Agricultural Mortgage has a 52 week low of $53.78 and a 52 week high of $82.97.
Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Federal Agricultural Mortgage by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 95,302 shares of the credit services provider’s stock worth $7,456,000 after purchasing an additional 6,289 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Federal Agricultural Mortgage by 102.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 70,701 shares of the credit services provider’s stock worth $5,532,000 after purchasing an additional 35,801 shares in the last quarter. Martingale Asset Management L P acquired a new position in Federal Agricultural Mortgage in the fourth quarter worth about $658,000. OppenheimerFunds Inc. grew its stake in Federal Agricultural Mortgage by 17.0% in the fourth quarter. OppenheimerFunds Inc. now owns 7,093 shares of the credit services provider’s stock worth $555,000 after purchasing an additional 1,031 shares in the last quarter. Finally, American International Group Inc. acquired a new position in Federal Agricultural Mortgage in the fourth quarter worth about $465,000. Institutional investors own 64.46% of the company’s stock.
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About Federal Agricultural Mortgage
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.
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