The stock of Federal Agricultural Mortgage Corp. (NYSE:AGM) hit a new 52-week high and has $58.35 target or 8.00% above today’s $54.03 share price. The 8 months bullish chart indicates low risk for the $570.33 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $58.35 price target is reached, the company will be worth $45.63 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 38,521 shares traded hands. Federal Agricultural Mortgage Corp. (NYSE:AGM) has risen 31.18% since April 26, 2016 and is uptrending. It has outperformed by 25.92% the S&P500.
Analysts await Federal Agricultural Mortgage Corp. (NYSE:AGM) to report earnings on March, 9.
Federal Agricultural Mortgage Corp. (NYSE:AGM) Ratings Coverage
Out of 4 analysts covering Federal Agricultural Mortgage Corp (NYSE:AGM), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $40 is the highest target while $35 is the lowest. The $37 average target is -31.52% below today’s ($54.03) stock price. Federal Agricultural Mortgage Corp has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Sidoti downgraded the stock to “Neutral” rating in Wednesday, May 11 report. The firm has “Buy” rating given on Wednesday, January 27 by Sidoti. The stock of Federal Agricultural Mortgage Corp. (NYSE:AGM) earned “Market Perform” rating by Wood on Friday, March 11. The rating was downgraded by Compass Point to “Neutral” on Thursday, May 12.
According to Zacks Investment Research, “The Federal Agricultural Mortgage Corporation Farmer Mac is a federally chartered instrumentality of the United States that was created to establish a secondary market for agricultural real estate and rural housing mortgage loans.”
Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.57, from 0.82 in 2016Q1. The ratio improved, as 11 funds sold all Federal Agricultural Mortgage Corp. shares owned while 39 reduced positions. 18 funds bought stakes while 23 increased positions. They now own 6.53 million shares or 0.11% more from 6.53 million shares in 2016Q1.
The Massachusetts-based Bogle Investment L P De has invested 0.01% in Federal Agricultural Mortgage Corp. (NYSE:AGM). Chicago Equity Prtnrs Limited Liability Company accumulated 5,930 shares or 0.01% of the stock. Prudential Fincl has 0% invested in the company for 73,383 shares. Aqr Limited has invested 0.01% of its portfolio in Federal Agricultural Mortgage Corp. (NYSE:AGM). Moreover, Ajo L P has 0.03% invested in Federal Agricultural Mortgage Corp. (NYSE:AGM) for 163,113 shares. National Bank & Trust Of America De accumulated 0% or 11,785 shares. The United Kingdom-based Legal & General Grp Public Limited Company has invested 0% in Federal Agricultural Mortgage Corp. (NYSE:AGM). Rhumbline Advisers last reported 0% of its portfolio in the stock. Morgan Stanley accumulated 0% or 86,584 shares. Cornerstone Cap Hldgs Limited Liability Com holds 0% or 3,149 shares in its portfolio. Loomis Sayles Co Lp has invested 0.02% of its portfolio in Federal Agricultural Mortgage Corp. (NYSE:AGM). Wedge Mgmt L L P Nc reported 14,700 shares or 0.01% of all its holdings. Invsts Asset Mngmt Of Georgia Ga Adv accumulated 0.35% or 12,900 shares. Lsv Asset Mngmt, a Illinois-based fund reported 554,907 shares. Vanguard has 0% invested in the company for 390,442 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 20 insider sales for $2.63 million net activity. The insider Faivre-Davis Sara Louise sold $71,931. $120,213 worth of shares were sold by BUZBY TIMOTHY L on Monday, August 29. 3,000 Federal Agricultural Mortgage Corp. (NYSE:AGM) shares with value of $119,850 were sold by JUNKINS LOWELL. On Thursday, August 11 the insider Mullery Stephen P sold $42,656. 1,000 shares with value of $51,447 were sold by JOHNSON MITCHELL A on Monday, November 14. Shares for $26,230 were sold by Covington John Curtis. Ramsey Gregory sold $41,970 worth of stock.
More news for Federal Agricultural Mortgage Corp. (NYSE:AGM) were recently published by: Marketwatch.com, which released: “Federal Agricultural Mortgage Corp. Cl A” on December 22, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 11, 2011 is yet another important article.
AGM Company Profile
Federal Agricultural Mortgage Corporation (Farmer Mac), incorporated in 1987, provides a secondary market for a range of loans made to borrowers in rural America. The Firm operates through four divisions: Farm & Ranch, the United States Department of Agriculture (USDA) Guarantees, Rural Utilities and Institutional Credit. The Firm sells its guarantees of securities under the AgVantage brand name.
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