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

Shares of Nationstar Mortgage Holdings Inc (NYSE:NSM) have earned an average recommendation of “Hold” from the thirteen brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $18.57.

Several research firms have commented on NSM. Zacks Investment Research raised shares of Nationstar Mortgage from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. ValuEngine raised shares of Nationstar Mortgage from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Piper Jaffray Companies raised shares of Nationstar Mortgage from an “underweight” rating to a “neutral” rating in a research note on Tuesday, November 21st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 price target on shares of Nationstar Mortgage in a research note on Thursday, October 26th.

Several institutional investors have recently modified their holdings of NSM. BNP Paribas Arbitrage SA grew its holdings in shares of Nationstar Mortgage by 256.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,020 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 4,332 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Nationstar Mortgage in the second quarter worth approximately $160,000. Engineers Gate Manager LP bought a new position in shares of Nationstar Mortgage in the third quarter worth approximately $227,000. Voya Investment Management LLC grew its holdings in shares of Nationstar Mortgage by 14.7% in the second quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 2,156 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new position in shares of Nationstar Mortgage in the second quarter worth approximately $320,000. Hedge funds and other institutional investors own 98.42% of the company’s stock.

Nationstar Mortgage (NYSE NSM) traded up $0.05 during mid-day trading on Tuesday, hitting $19.15. 152,000 shares of the company’s stock traded hands, compared to its average volume of 239,200. The stock has a market capitalization of $1,870.00, a P/E ratio of 10.35 and a beta of 1.41. Nationstar Mortgage has a 52-week low of $14.67 and a 52-week high of $20.71. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.46 and a quick ratio of 0.46.

Nationstar Mortgage (NYSE:NSM) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $406.00 million for the quarter, compared to the consensus estimate of $481.67 million. Nationstar Mortgage had a net margin of 9.34% and a return on equity of 8.88%. During the same period last year, the firm posted $0.52 earnings per share. equities analysts forecast that Nationstar Mortgage will post 1.5 EPS for the current fiscal year.

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About Nationstar Mortgage

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 (NYSE:NSM)

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