Nationstar Mortgage (NYSE:NSM) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday, December 1st.
A number of other analysts also recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 price target on shares of Nationstar Mortgage in a report on Thursday, September 14th. Zacks Investment Research downgraded shares of Nationstar Mortgage from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Piper Jaffray Companies raised shares of Nationstar Mortgage from an “underweight” rating to a “neutral” rating in a report on Tuesday, November 21st. Finally, BidaskClub downgraded shares of Nationstar Mortgage from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.33.
Shares of Nationstar Mortgage (NYSE:NSM) opened at $17.39 on Friday. The firm has a market cap of $1,699.46, a PE ratio of 11.37 and a beta of 1.42. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.46 and a current ratio of 0.46. Nationstar Mortgage has a 12 month low of $14.67 and a 12 month high of $20.71.
Nationstar Mortgage (NYSE:NSM) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $406.00 million for the quarter, compared to the consensus estimate of $481.67 million. Nationstar Mortgage had a net margin of 9.34% and a return on equity of 8.88%. During the same quarter last year, the firm posted $0.52 EPS. equities research analysts predict that Nationstar Mortgage will post 1.5 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of NSM. BNP Paribas Arbitrage SA boosted its holdings in shares of Nationstar Mortgage by 256.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,020 shares of the financial services provider’s stock worth $108,000 after buying an additional 4,332 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Nationstar Mortgage in the second quarter worth approximately $160,000. Legal & General Group Plc boosted its holdings in shares of Nationstar Mortgage by 33.7% in the first quarter. Legal & General Group Plc now owns 13,848 shares of the financial services provider’s stock worth $219,000 after buying an additional 3,487 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of Nationstar Mortgage in the third quarter worth approximately $227,000. Finally, Voya Investment Management LLC boosted its holdings in shares of Nationstar Mortgage by 14.7% in the second quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock worth $300,000 after buying an additional 2,156 shares during the last quarter. 98.42% of the stock is currently owned by institutional investors.
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About Nationstar Mortgage
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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