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Enter Symbol:
Rating: AGM
Buy $40

Federal Agricultural Mortgage Corporation (NYSE: AGM) rated to Buy with price target $40 by Sidoti

Wednesday,  Jan 27, 2016  10:25 AM ET by Betsy O'Brien Harrison

Sidoti rated Federal Agricultural
Mortgage Corporation (NYSE: AGM) to Buy with price target $40.

Federal Agricultural Mortgage Corporation (Farmer Mac) is a stockholder-owned instrumentality of the United States that was created to establish a secondary market for agricultural real estate and rural housing mortgage loans and to increase the availability of long-term credit at stable interest rates to American farmers, ranchers and rural homeowners. Farmer Mac conducts these activities through three programs: Farmer Mac I, Farmer Mac II and Rural Utilities. Farmer Mac?s two principal sources of revenue are fees received in connection with outstanding Farmer Mac Guaranteed Securities and long-term standby purchase commitments (LTSPCs) and net interest income earned on its portfolio of Farmer Mac Guaranteed Securities, mortgage loans and investments.

Sidoti



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