Nationstar Mortgage Holdings Receives “Buy” Rating from Morgan Stanley (NSM)
Nationstar Mortgage Holdings (NYSE:NSM)‘s stock had its “buy” rating reiterated by research analysts at Morgan Stanley in a report released on Tuesday, ARN reports. They currently have a $70.00 price target on the stock. Morgan Stanley’s price objective points to a potential upside of 34.28% from the company’s current price.
Nationstar Mortgage Holdings (NYSE:NSM) traded down 3.27% on Tuesday, hitting $52.13. 959,097 shares of the company’s stock traded hands. Nationstar Mortgage Holdings has a 52 week low of $23.53 and a 52 week high of $57.95. The stock’s 50-day moving average is $53.21 and its 200-day moving average is $43.87. The company has a market cap of $4.640 billion and a price-to-earnings ratio of 15.79.
Nationstar Mortgage Holdings (NYSE:NSM) last announced its earnings results on Tuesday, August 6th. The company reported $1.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.98 by $0.52. The company had revenue of $603.70 million for the quarter, compared to the consensus estimate of $527.00 million. During the same quarter last year, the company posted $0.41 earnings per share. Nationstar Mortgage Holdings’s revenue was up 197.7% compared to the same quarter last year. On average, analysts predict that Nationstar Mortgage Holdings will post $4.72 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on NSM. Analysts at FBR Capital Markets raised their price target on shares of Nationstar Mortgage Holdings from $55.00 to $65.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group upgraded shares of Nationstar Mortgage Holdings from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 18th. They now have a $64.00 price target on the stock, up previously from $40.00. Finally, analysts at Oppenheimer initiated coverage on shares of Nationstar Mortgage Holdings in a research note to investors on Monday, September 9th. They set an “outperform” rating and a $62.00 price target on the stock. Ten investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $56.15.
Nationstar Mortgage Holdings Inc is a non-bank residential mortgage servicer with a range of services across the residential mortgage product spectrum.
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