Market Runner: Is Buying 52-Week Stock Like Federal Agricultural Mortgage Corp. a Winning Strategy?

Market Runner: Is Buying 52 Week Stock Like Federal Agricultural Mortgage Corp. a Winning Strategy?

The stock of Federal Agricultural Mortgage Corp. (NYSE:AGM) hit a new 52-week high and has $76.54 target or 58.00% above today’s $48.44 share price. The 7 months bullish chart indicates low risk for the $516.17M company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $76.54 price target is reached, the company will be worth $299.38M 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 121,948 shares traded hands or 202.21% up from the average. Federal Agricultural Mortgage Corp. (NYSE:AGM) has risen 10.95% since April 7, 2016 and is uptrending. It has outperformed by 6.17% the S&P500.

Analysts await Federal Agricultural Mortgage Corp. (NYSE:AGM) to report earnings on November, 14.

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 -23.62% below today’s ($48.44) stock price. Federal Agricultural Mortgage Corp has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of Federal Agricultural Mortgage Corp. (NYSE:AGM) has “Neutral” rating given on Thursday, May 12 by Compass Point. The stock has “Market Perform” rating given by Wood on Friday, March 11. Sidoti initiated Federal Agricultural Mortgage Corp. (NYSE:AGM) rating on Wednesday, January 27. Sidoti has “Buy” rating and $40 price target. The company was downgraded on Wednesday, May 11 by Sidoti.

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 decreased to 0.82 in Q2 2016. Its down 0.46, from 1.28 in 2016Q1. The ratio dropped, 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.
California Public Employees Retirement accumulated 53,500 shares or 0% of the stock. Teachers Advsr has 35,825 shares for 0% of their US portfolio. Cornerstone Holdings Ltd Company has 0% invested in the company for 3,149 shares. Blackrock Inc last reported 0% of its portfolio in the stock. Moreover, Guggenheim Capital Lc has 0.01% invested in Federal Agricultural Mortgage Corp. (NYSE:AGM) for 78,432 shares. Wellington Gp Llp last reported 0% of its portfolio in the stock. Boston Partners, a Massachusetts-based fund reported 264,089 shares. Alliancebernstein L P accumulated 0% or 6,100 shares. Wells Fargo And Mn accumulated 0% or 3,410 shares. Thompson Siegel Walmsley Limited Liability Company has 0% invested in the company for 900 shares. Dimensional Fund Advsrs Lp has 0.02% invested in the company for 802,147 shares. D E Shaw And holds 0% or 7,342 shares in its portfolio. State Street last reported 170,338 shares in the company. Parametric Limited Liability Corp last reported 0% of its portfolio in the stock. California State Teachers Retirement System has 18,011 shares for 0% of their US portfolio.

Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 15 sales for $1.28 million net activity. 1,840 shares were sold by Mullery Stephen P, worth $76,065 on Friday, September 16. 300 shares were sold by Everson Dennis A, worth $10,947 on Wednesday, June 1. Shares for $60,150 were sold by Faivre-Davis Sara Louise. $25,025 worth of shares were sold by JUNKINS LOWELL on Thursday, May 19. $56,387 worth of Federal Agricultural Mortgage Corp. (NYSE:AGM) was sold by BUZBY TIMOTHY L on Monday, September 19. Shares for $41,300 were sold by JOHNSON MITCHELL A on Wednesday, August 31. Culver Chester J had sold 3,975 shares worth $159,994 on Wednesday, August 17.

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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