Analysts Conflictied on These Financial Names: AG Mortgage (NYSE: MITT), KeyCorp (NYSE: KEY) and Stag Industrial (NYSE: STAG)

By Carrie Williams

Analysts have been eager to weigh in on the Financial sector with new ratings on AG Mortgage (NYSE: MITT), KeyCorp (NYSE: KEY) and Stag Industrial (NYSE: STAG).

AG Mortgage (NYSE: MITT)

In a report released yesterday, Douglas Harter from Credit Suisse reiterated a Hold rating on AG Mortgage (NYSE: MITT), with a price target of $16. The company’s shares opened today at $15.55, close to its 52-week high of $16.43.

Harter noted:

“We are increasing our 2016 through 2018 core EPS estimates to $1.80 (from $1.74), $1.85 (from $1.75), and $1.80 (from $1.70) to reflect quarterly results.”

According to TipRanks.com, Harter is a 2-star analyst with an average return of 0.2% and a 55.1% success rate. Harter covers the Financial sector, focusing on stocks such as Arlington Asset Investment, Newcastle Investment Corp., and American Capital Mortgage.

AG Mortgage has an analyst consensus of Hold.

KeyCorp (NYSE: KEY)

In a report released yesterday, Jill Shea from Credit Suisse reiterated a Buy rating on KeyCorp (NYSE: KEY), with a price target of $16. The company’s shares opened today at $13.98, close to its 52-week high of $14.38.

According to TipRanks.com, Shea is a 4-star analyst with an average return of 4.6% and a 75.0% success rate. Shea covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Fifth Third Bancorp, and Capital Bank Corp.

Currently, the analyst consensus on KeyCorp is Moderate Buy and the average price target is $14.67, representing a 4.9% upside.

In a report issued on October 26, Jefferies also reiterated a Buy rating on the stock with a $16 price target.
Stag Industrial (NYSE: STAG)

Cantor Fitzgerald analyst Gaurav Mehta reiterated a Hold rating on Stag Industrial (NYSE: STAG) yesterday and set a price target of $23.50. The company’s shares opened today at $21.72.

Mehta said:

“Core FFO/sh. Beat. Core FFO/sh. at $0.40 beat our estimate by $0.01 and consensus (FactSet) by $0.02. SS Cash NOI increased 3.4%, with expenses down 4.0%. SS Occupancy declined 80bps y/y following a 100bps decline in 2Q.”

According to TipRanks.com, Mehta is a 1-star analyst with an average return of -2.6% and a 41.7% success rate. Mehta covers the Financial sector, focusing on stocks such as Ashford Hospitality Trust, Summit Hotel Properties, and Mid-America Apartment.

Stag Industrial has an analyst consensus of Hold.