Guild (NYSE:GHLD) Price Target Cut to $15.00 by Analysts at Wells Fargo & Company

Guild (NYSE:GHLD) had its target price reduced by equities research analysts at Wells Fargo & Company from $17.00 to $15.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 6.46% from the company’s previous close.

GHLD has been the subject of several other reports. JPMorgan Chase & Co. increased their price objective on Guild from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Wedbush increased their price target on Guild from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Guild presently has a consensus rating of “Hold” and an average target price of $17.10.

Guild Stock Up 0.6 %

NYSE GHLD traded up $0.09 during mid-day trading on Thursday, hitting $14.09. The company’s stock had a trading volume of 4,908 shares, compared to its average volume of 12,602. The firm has a market capitalization of $864.93 million, a price-to-earnings ratio of 33.33, a PEG ratio of 0.26 and a beta of 1.07. The company’s 50 day simple moving average is $15.78 and its 200 day simple moving average is $15.07. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.76. Guild has a twelve month low of $9.59 and a twelve month high of $18.25.

Guild (NYSE:GHLD) last posted its earnings results on Thursday, August 8th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.24 by $0.21. Guild had a net margin of 3.28% and a return on equity of 5.83%. The company had revenue of $285.69 million during the quarter, compared to the consensus estimate of $257.97 million. Analysts anticipate that Guild will post 1.49 earnings per share for the current year.

Hedge Funds Weigh In On Guild

A number of hedge funds and other institutional investors have recently modified their holdings of GHLD. Bridges Investment Management Inc. purchased a new position in shares of Guild in the 2nd quarter worth about $10,497,000. Donald Smith & CO. Inc. raised its position in Guild by 2.1% in the first quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock worth $6,503,000 after acquiring an additional 9,126 shares during the period. Empowered Funds LLC boosted its stake in Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after acquiring an additional 13,668 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Guild by 8.2% in the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after acquiring an additional 2,100 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Guild during the 1st quarter valued at approximately $149,000. Hedge funds and other institutional investors own 17.52% of the company’s stock.

About Guild

Guild Holdings Company originates, sells, and services residential mortgage loans in the United States. It operates in two segments, Origination and Servicing. The company offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.