Zacks Investment Research lowered shares of Nationstar Mortgage (NYSE:NSM) from a hold rating to a strong sell rating in a research note released on Wednesday morning.
According to Zacks, “Nationstar Mortgage Holdings, Inc. is a mortgage lender. It services loans throughout the United States and originates primarily conventional agency and government residential mortgage loans and also offers a diverse array of complementary services for mortgage investors. Nationstar Mortgage Holdings, Inc. is headquartered in Lewisville, Texas. “
A number of other research analysts also recently issued reports on NSM. Piper Jaffray Companies upgraded shares of Nationstar Mortgage from an underweight rating to a neutral rating in a research report on Tuesday, November 21st. ValuEngine upgraded shares of Nationstar Mortgage from a buy rating to a strong-buy rating in a research report on Friday, December 1st. Credit Suisse Group dropped their price target on shares of Nationstar Mortgage from $23.00 to $20.00 and set an outperform rating on the stock in a research report on Tuesday, February 20th. Finally, Barclays restated a sell rating and issued a $19.00 price target (up previously from $18.00) on shares of Nationstar Mortgage in a research report on Friday, March 2nd. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $18.69.
Nationstar Mortgage (NYSE NSM) opened at $18.37 on Wednesday. The stock has a market cap of $1,800.00, a P/E ratio of 76.54 and a beta of 1.18. Nationstar Mortgage has a 1 year low of $14.67 and a 1 year high of $20.71. 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 issued its quarterly earnings results on Thursday, March 1st. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.43. The firm had revenue of $437.00 million for the quarter, compared to the consensus estimate of $458.70 million. Nationstar Mortgage had a net margin of 1.82% and a return on equity of 9.24%. The company’s revenue for the quarter was down 44.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 EPS. equities research analysts forecast that Nationstar Mortgage will post 2.15 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP acquired a new position in shares of Nationstar Mortgage during the 3rd quarter valued at $227,000. Ramsey Quantitative Systems acquired a new position in shares of Nationstar Mortgage during the 4th quarter valued at $230,000. MetLife Investment Advisors LLC acquired a new position in shares of Nationstar Mortgage during the 4th quarter valued at $244,000. Paloma Partners Management Co acquired a new position in shares of Nationstar Mortgage during the 4th quarter valued at $297,000. Finally, Voya Investment Management LLC lifted its position in shares of Nationstar Mortgage by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 2,156 shares during the period. Institutional investors own 98.79% of the company’s stock.
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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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