Nationstar Mortgage Holdings Inc (NSM) Receives Average Recommendation of “Hold” from Analysts

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.

How to Become a New Pot Stock Millionaire

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 stock traded up $0.07 during midday trading on Friday, reaching $17.99. The company had a trading volume of 352,504 shares, compared to its average volume of 388,524. Nationstar Mortgage has a 1 year low of $14.67 and a 1 year high of $20.71. The stock has a market capitalization of $1,758.13, a P/E ratio of 59.97 and a beta of 1.18. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.42 and a quick ratio of 0.42.

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.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3299537/nationstar-mortgage-holdings-inc-nsm-receives-average-recommendation-of-hold-from-analysts.html.

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.

Analyst Recommendations for Nationstar Mortgage (NYSE:NSM)

Receive News & Ratings for Nationstar Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nationstar Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

FIG Partners Comments on Central Valley Community Bancorp’s FY2019 Earnings
FIG Partners Comments on Central Valley Community Bancorp’s FY2019 Earnings
Jupiter Fund Management’s  “Hold” Rating Reiterated at Numis Securities
Jupiter Fund Management’s “Hold” Rating Reiterated at Numis Securities
Howdens Joinery’s  “Add” Rating Reiterated at Numis Securities
Howdens Joinery’s “Add” Rating Reiterated at Numis Securities
Hammerson  Upgraded by Barclays to “Equal weight”
Hammerson Upgraded by Barclays to “Equal weight”
Liberum Capital Reiterates Hold Rating for Intu Properties
Liberum Capital Reiterates Hold Rating for Intu Properties
Peel Hunt Reaffirms “Buy” Rating for JD Sports Fashion
Peel Hunt Reaffirms “Buy” Rating for JD Sports Fashion


© 2006-2018 Ticker Report. Google+.