Brokerages Set Nationstar Mortgage Holdings Inc (NSM) PT at $17.00

Shares of Nationstar Mortgage Holdings Inc (NYSE:NSM) have been given an average rating of “Hold” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.00.

Several research firms have commented on NSM. Keefe, Bruyette & Woods raised shares of Nationstar Mortgage from a “market perform” rating to an “outperform” rating and set a $14.50 target price on the stock in a research report on Monday, July 30th. ValuEngine downgraded shares of Nationstar Mortgage from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. Barclays increased their target price on shares of Nationstar Mortgage from $19.00 to $20.00 and gave the stock a “sell” rating in a research report on Wednesday, July 18th. Finally, Zacks Investment Research raised shares of Nationstar Mortgage from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 2nd.

Nationstar Mortgage stock remained flat at $$18.27 during mid-day trading on Wednesday. The company has a debt-to-equity ratio of 5.31, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 12.34 and a beta of 1.09. Nationstar Mortgage has a twelve month low of $15.95 and a twelve month high of $20.71.

Nationstar Mortgage (NYSE:NSM) last posted its earnings results on Tuesday, July 17th. The financial services provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The firm had revenue of $444.00 million for the quarter, compared to the consensus estimate of $446.20 million. Nationstar Mortgage had a net margin of 14.19% and a return on equity of 10.28%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. sell-side analysts anticipate that Nationstar Mortgage will post 2.3 EPS for the current year.

Large investors have recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of Nationstar Mortgage by 1.6% in the first quarter. American Century Companies Inc. now owns 283,057 shares of the financial services provider’s stock valued at $5,084,000 after buying an additional 4,559 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Nationstar Mortgage by 4.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 149,406 shares of the financial services provider’s stock worth $2,684,000 after purchasing an additional 5,824 shares during the period. California Public Employees Retirement System lifted its stake in Nationstar Mortgage by 68.2% during the second quarter. California Public Employees Retirement System now owns 18,298 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 7,417 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Nationstar Mortgage during the second quarter worth about $133,000. Finally, Bank of New York Mellon Corp lifted its stake in Nationstar Mortgage by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 292,395 shares of the financial services provider’s stock worth $5,125,000 after purchasing an additional 7,915 shares during the period. 96.99% of the stock is currently owned by institutional investors.

Nationstar Mortgage Company Profile

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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