Nationstar Mortgage Holdings Inc. (NSM) Receives Consensus Rating of “Hold” from Analysts

Nationstar Mortgage Holdings Inc. (NYSE:NSM) has received an average recommendation of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $18.33.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Nationstar Mortgage Holdings from a “sell” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, July 20th. BidaskClub raised shares of Nationstar Mortgage Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. TheStreet raised shares of Nationstar Mortgage Holdings from a “d+” rating to a “c-” rating in a research report on Monday, June 26th. Piper Jaffray Companies reissued a “sell” rating and set a $15.00 price target on shares of Nationstar Mortgage Holdings in a research report on Thursday, August 3rd. Finally, ValuEngine raised shares of Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd.

Nationstar Mortgage Holdings (NYSE NSM) traded up 0.37% during trading on Wednesday, reaching $16.29. 247,083 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $17.23 and a 200-day moving average price of $17.07. The firm has a market cap of $1.59 billion, a PE ratio of 7.13 and a beta of 1.43. Nationstar Mortgage Holdings has a 12 month low of $14.05 and a 12 month high of $19.83.

Nationstar Mortgage Holdings (NYSE:NSM) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.34 by $0.09. Nationstar Mortgage Holdings had a net margin of 10.52% and a return on equity of 9.64%. The firm had revenue of $380 million for the quarter, compared to analysts’ expectations of $506.30 million. During the same period in the previous year, the firm posted $0.52 EPS. On average, analysts forecast that Nationstar Mortgage Holdings will post $1.28 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was first published by Markets Daily and is owned by of Markets Daily. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.themarketsdaily.com/2017/09/12/nationstar-mortgage-holdings-inc-nsm-receives-consensus-rating-of-hold-from-analysts.html.

Institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors grew its stake in Nationstar Mortgage Holdings by 0.8% in the 1st quarter. Nationwide Fund Advisors now owns 19,990 shares of the financial services provider’s stock valued at $315,000 after buying an additional 163 shares during the last quarter. Stifel Financial Corp grew its stake in Nationstar Mortgage Holdings by 10.5% in the 1st quarter. Stifel Financial Corp now owns 13,125 shares of the financial services provider’s stock valued at $207,000 after buying an additional 1,245 shares during the last quarter. Teachers Advisors LLC grew its stake in Nationstar Mortgage Holdings by 2.3% in the 1st quarter. Teachers Advisors LLC now owns 56,170 shares of the financial services provider’s stock valued at $885,000 after buying an additional 1,287 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Nationstar Mortgage Holdings by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 154,165 shares of the financial services provider’s stock valued at $2,759,000 after buying an additional 1,751 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in Nationstar Mortgage Holdings by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock valued at $300,000 after buying an additional 2,156 shares during the last quarter. Institutional investors own 98.47% of the company’s stock.

About Nationstar Mortgage Holdings

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 Holdings (NYSE:NSM)

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

Latest News

Leave a Reply