On Jan. 07, Zions Bancorporation, National Association /ut/ divested U.S. $794,848 in shares of Federal Agricultural Mortgage Corporation. The 10% sold 10,000 shares at a price per share of $79.48. The transaction decreased this specific insider’s holdings to 275,000 shares worth around $21.49 million at present.
Another 20,000 shares were sold by Zions Bancorporation, National Association /ut/, for more than $1,578,918 in total proceeds. The 10% dumped the shares at a price of $78.95 and the insider now owns almost 285,000 shares.
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Sidoti took its Federal Agricultural Mortgage Corporation [AGM] rating to the equivalent of a Buy from a Neutral, and the price target to $87, in a research note dated February 18, 2020. That figure represents around a 10.16% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with Sidoti’s analysts upgrading the shares from “a Neutral” rating to “a Buy” rating in a research note to investors issued in mid February. Meanwhile, Sidoti had raised its rating on AGM to “Buy” from the earlier “Neutral”, in a research note produced for clients February 14, 2018. In addition, there was a downgrade from Compass Point on May 12, 2016. The rater changed AGM from “a Buy” to “a Neutral”.
Is Federal Agricultural Mortgage Corporation [NYSE:AGM] a Good Buy Right Now?
It should be noted that AGM technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Federal Agricultural Mortgage Corporation’s Trend Spotter indicated that the signals were Weakest. The stock current average is 58435.0 shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 55776.0 shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 53349.0 shares.
AGM Price Performance
On Wall Street, Federal Agricultural Mortgage Corporation [NYSE:AGM] finished Friday’s session down -1.14% at $78.16. The stock went up to $79.47 at the same session while its lowest single day price was $76.98. In the last five days, it saw a rise of about 5.27%, Federal Agricultural Mortgage Corporation shares gained by almost 5.27% since the beginning of the year. However, the share price has dropped to as low as -7.10% below its one year high. On 01/06/21, the company shares recorded $83.06, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $73.14. The company’s shares have declined by -5.26% in the past year. The 50-day SMA achieved is $71.05 while the 200-day SMA is $65.51. Volume dropped to 29027.0 from 59800.0 in the previous session.
Federal Agricultural Mortgage Corporation [AGM] Valuation Measures
Notably, Federal Agricultural Mortgage Corporation [AGM] stock can be classified as a good candidate in the listing of underestimated low-priced Credit Services companies to purchase soonest possible with the prevailing 12-month PE ratio of 9.49. The measure means the stock is exchanging at a discount as compared to the 14.75x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.54 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 2.97 which means AGM serve an attractive investment opportunity compared to its competitors.
AGM Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 76.94 level, and in case of violation of this particular level, it will cause more drop to 75.71 level. On the upper level, 80.69 is still the key resistance. The stock may increase to the subsequent resistance at 79.43. The Relative Strength Index (RSI) pinned on the 14-day chart is 62.14, implying a neutral technical stance while the MACD stands at 4.12, meaning price will increase in the next trading period. Percent R indicator moved to 40.69%, implying low price movement. Stochastic %K at 68.41% suggest holding the stock.
What is the short interest in Federal Agricultural Mortgage Corporation?
Short interest in the Federal Agricultural Mortgage Corporation stock has plunged, decreasing by 3700.0 shares to total 94870.0 shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 91170.0, data from Yahoo Finance shows. The increase of 3.9% suggests the stock saw some increased bearish sentiment.
Federal Agricultural Mortgage Corporation’s Biggest Shareholders: Who Owns Federal Agricultural Mortgage Corporation [AGM]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 695,693 shares or roughly 7.56% of the outstanding AGM shares. This means their shares have reduced by -9,060 from the 695,693 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $39,261,532. Details in the latest 13F filings reveal that Dimensional Fund Advisors LP disposed off their -1.85% stake valued at $32,897,800 while LSV Asset Management cut theirs at $29,766,404. During the last quarter, Dimensional Fund Advisors LP liquidated -9,176 of its shares in Federal Agricultural Mortgage Corporation while LSV Asset Management sold -3,179 shares. The Principal Global Investors LLC’s holdings currently number 422,653 shares at $33034558.48. According to the firm’s last 13F report, ZB, NA shares in the company at filing stood at 284,910 shares, roughly $19,288,407.
AGM Earnings Forecast For The Current Quarter
Federal Agricultural Mortgage Corporation [AGM] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $53.14M and an earnings per share of $2.29 for Dec 2020. Looking further ahead, the company is expected to report revenue of $56.35M at an EPS of $2.31 for Mar 2021. The estimates represent upside of 4.80% and 3.59% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
AGM Earnings Estimates For The Current Year
For the financial year, Federal Agricultural Mortgage Corporation [NYSE:AGM] is expected to bring in revenue of $212.25M. The returns are nearly $20.53 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 9.2, higher than that of FY19 by $0.5. Estimates put this year’s earnings growth at 5.70%, 3.60% for the next, and at an annual 11.00% over the next 5-year period. As for sales, forecasts are for an increase of 10.70% in the current fiscal year and a further 4.80% over the following year.
What are analyst thoughts on Federal Agricultural Mortgage Corporation?
Looking forward to the Federal Agricultural Mortgage Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Federal Agricultural Mortgage Corporation stock at $87.00 within the next 12 months, which represents almost 10.16 per cent growth from its previous closing price of $78.16. The highest analysts’ target for Federal Agricultural Mortgage Corporation stock projections is $87.00 and the lowest one is $87.00. Still, 1 analysts sharing their consensus rating for AGM stock in 2021 agree that it is a Buy.