Home Loan Servicing Solutions Lowered to Neutral at Zacks (HLSS)
Home Loan Servicing Solutions (NASDAQ:HLSS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, American Banking News.com reports. They currently have a $26.70 price target on the stock. Zacks‘ price objective indicates a potential upside of 23.27% from the stock’s previous close.
A number of other firms have also recently commented on HLSS. Analysts at Barclays Capital raised their price target on shares of Home Loan Servicing Solutions from $26.00 to $29.00 in a research note to investors on Monday, July 22nd. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Home Loan Servicing Solutions in a research note to investors on Monday, July 22nd. They now have a $27.00 price target on the stock, up previously from $24.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Home Loan Servicing Solutions in a research note to investors on Saturday, July 20th. They now have a $27.50 price target on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $25.96.
Home Loan Servicing Solutions (NASDAQ:HLSS) traded down 1.77% during mid-day trading on Tuesday, hitting $21.66. 744,678 shares of the company’s stock traded hands. Home Loan Servicing Solutions has a 1-year low of $16.66 and a 1-year high of $25.59. The stock’s 50-day moving average is $22.83 and its 200-day moving average is $23.44. The company has a market cap of $1.538 billion and a P/E ratio of 12.37.
Home Loan Servicing Solutions (NASDAQ:HLSS) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $129.36 million for the quarter, compared to the consensus estimate of $114.75 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 343.0% on a year-over-year basis. On average, analysts predict that Home Loan Servicing Solutions will post $1.93 earnings per share for the current fiscal year.
Home Loan Servicing Solutions, Ltd is a development-stage company. The Company is formed to acquire mortgage servicing assets, primarily subprime and Alt-A mortgage servicing rights and associated servicing advances.
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