Federal Agricultural Mortgage Corp. AGM Stock Price Target Raised to $217.00 by Keefe, Bruyette & Woods Analyst.

Analysts at Keefe, Bruyette & Woods have raised Federal Agricultural's (AGM) price target to $217.00, up 0.93% from $215.00. The average target price for AGM is $222.00, with a high estimate of $235.00 and a low estimate of $215.00, implying a 29.07% upside from the current price. The brokerage recommendation is "Outperform" with an average rating of 2.5.

Analysts at Keefe, Bruyette & Woods have raised the price target for Federal Agricultural Mortgage Corporation (AGM) to $217.00, a 0.93% increase from the previous target of $215.00. This move comes despite the company reporting earnings that missed expectations in the second quarter. AGM reported earnings of $4.32 per share, which was $0.09 less than the Zacks Consensus Estimate of $4.41. The company also missed revenue estimates, reporting $100.51 million compared to the expected $104.74 million. However, the company secured $26.2 billion in fundraising, which exceeded the consensus expectation of $23.1 billion. Despite the near-term earnings shortfall, Keefe, Bruyette & Woods remains optimistic about AGM's long-term prospects, increasing its performance income estimate for 2027 and adjusting its 2025 and 2026 realized income per share estimates downward [1].

The broader industry outlook for the Financial - Mortgage & Related Services sector is challenging, currently ranking in the bottom 9% of the Zacks-ranked industries. However, the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1, indicating potential growth opportunities in the future [2].

In other news, Cincinnati Financial (CINF) also saw its price target raised by Keefe, Bruyette & Woods to $168.00, indicating a potential upside of 12.19% from its previous close. The company reported earnings per share of $1.97 for the last quarter, exceeding estimates of $1.39. Revenue increased by 15.5% year over year [3].

References:
[1] https://www.ainvest.com/news/federal-agricultural-mortgage-keefe-bruyette-woods-raises-pt-217-2508/
[2] https://www.nasdaq.com/articles/federal-agricultural-mortgage-agm-q2-earnings-and-revenues-top-estimates
[3] https://za.investing.com/news/analyst-ratings/keefe-bruyette--woods-raises-ares-management-stock-price-target-to-203-93CH-3818193