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) 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.
COPYRIGHT VIOLATION WARNING: “Nationstar Mortgage Holdings Inc (NSM) Receives Consensus Recommendation of “Hold” from Analysts” was originally posted by BBNS and is the property of of BBNS. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://baseballnewssource.com/markets/nationstar-mortgage-holdings-inc-nsm-receives-consensus-recommendation-of-hold-from-analysts/1820925.html.
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.
Receive News & Ratings for Nationstar Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nationstar Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.