Nationstar Mortgage Holdings Inc (NYSE:NSM) has received a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $18.42.
Several brokerages have commented on NSM. Piper Jaffray Companies restated a “hold” rating and set a $18.00 price target on shares of Nationstar Mortgage in a research note on Thursday, January 11th. Zacks Investment Research upgraded Nationstar Mortgage from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, January 23rd. ValuEngine upgraded Nationstar Mortgage from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Credit Suisse Group dropped their price target on Nationstar Mortgage from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. Finally, Barclays restated a “sell” rating and set a $19.00 price target (up from $18.00) on shares of Nationstar Mortgage in a research note on Friday, March 2nd.
Several hedge funds have recently bought and sold shares of NSM. State Street Corp grew its stake in shares of Nationstar Mortgage by 3.7% in the second quarter. State Street Corp now owns 649,148 shares of the financial services provider’s stock valued at $11,611,000 after buying an additional 22,878 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Nationstar Mortgage by 99.6% in the third quarter. First Trust Advisors LP now owns 90,805 shares of the financial services provider’s stock valued at $1,686,000 after buying an additional 45,309 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Nationstar Mortgage by 73.2% in the third quarter. American Century Companies Inc. now owns 191,400 shares of the financial services provider’s stock valued at $3,554,000 after buying an additional 80,909 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Nationstar Mortgage by 15.9% in the third quarter. Wells Fargo & Company MN now owns 151,223 shares of the financial services provider’s stock valued at $2,809,000 after buying an additional 20,698 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Nationstar Mortgage by 44.4% in the third quarter. Dimensional Fund Advisors LP now owns 895,132 shares of the financial services provider’s stock valued at $16,622,000 after buying an additional 275,248 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.
Nationstar Mortgage (NYSE:NSM) last announced its quarterly earnings results on Thursday, March 1st. The financial services provider reported $0.43 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $437.00 million during the quarter, compared to analyst estimates of $458.70 million. Nationstar Mortgage had a return on equity of 9.24% and a net margin of 1.82%. The firm’s revenue was down 44.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. sell-side analysts predict that Nationstar Mortgage will post 2.15 EPS for the current fiscal year.
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Nationstar Mortgage Company Profile
Nationstar Mortgage Holdings Inc provides servicing, origination and transaction based services principally to single-family residences throughout the United States. The Company operates through three segments: Servicing, Originations and Xome. The Company provides residential loan services in the United States.
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