Nationstar Mortgage Holdings Inc (NYSE:NSM) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $18.13.
NSM has been the topic of a number of research analyst reports. Barclays reaffirmed a “sell” rating and set a $19.00 target price (up previously from $18.00) on shares of Nationstar Mortgage in a report on Friday, March 2nd. ValuEngine downgraded Nationstar Mortgage from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised Nationstar Mortgage from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Credit Suisse Group reduced their target price on Nationstar Mortgage from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th.
Nationstar Mortgage traded down $0.02, reaching $17.80, on Friday, according to MarketBeat Ratings. The company’s stock had a trading volume of 187,400 shares, compared to its average volume of 334,048. The company has a market capitalization of $1.74 billion, a P/E ratio of 12.03 and a beta of 1.11. Nationstar Mortgage has a 1 year low of $15.95 and a 1 year high of $20.71. The company has a debt-to-equity ratio of 5.31, a quick ratio of 0.40 and a current ratio of 0.40.
Nationstar Mortgage (NYSE:NSM) last issued its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Nationstar Mortgage had a return on equity of 9.85% and a net margin of 10.38%. The firm had revenue of $588.00 million during the quarter, compared to the consensus estimate of $513.73 million. During the same quarter in the prior year, the business posted $0.30 earnings per share. Nationstar Mortgage’s revenue for the quarter was up 34.6% on a year-over-year basis. equities research analysts forecast that Nationstar Mortgage will post 2.3 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Equitec Proprietary Markets LLC bought a new position in Nationstar Mortgage during the 1st quarter worth approximately $162,000. California Public Employees Retirement System bought a new position in Nationstar Mortgage during the 1st quarter worth approximately $195,000. Ramsey Quantitative Systems bought a new position in Nationstar Mortgage during the 4th quarter worth approximately $230,000. MetLife Investment Advisors LLC bought a new position in Nationstar Mortgage during the 4th quarter worth approximately $244,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Nationstar Mortgage during the 4th quarter worth approximately $297,000. 97.12% of the stock is currently owned by institutional investors.
About Nationstar Mortgage
Nationstar Mortgage Holdings Inc provides servicing, origination, and transaction based services primarily to single-family residences in the United States. It operates in three segments: Servicing, Originations, and Xome. The Servicing segment offers conventional residential mortgage loans and home equity conversion loans.
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