Nationstar Mortgage Holdings Inc Hits New 52-Week Low at $31.22 (NSM)
Shares of Nationstar Mortgage Holdings (NYSE:NSM) hit a new 52-week low during trading hours on Friday, Analyst Ratings.Net reports. The company traded as low as $31.22 and last traded at $31.39, with a volume of 2,900,106 shares trading hands. The stock had previously closed at $34.25.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Nationstar Mortgage Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $35.20 price target on the stock. Separately, analysts at Compass Point downgraded shares of Nationstar Mortgage Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, December 19th. They now have a $41.00 price target on the stock, down previously from $42.00. Finally, analysts at Sterne Agee initiated coverage on shares of Nationstar Mortgage Holdings in a research note to investors on Wednesday, December 11th. They set a “neutral” rating and a $41.72 price target on the stock. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Nationstar Mortgage Holdings has an average rating of “Hold” and a consensus target price of $48.69.
Nationstar Mortgage Holdings has a one year low of $31.89 and a one year high of $57.95. The stock’s 50-day moving average is $38.55 and its 200-day moving average is $45.92. The company has a market cap of $2.873 billion and a P/E ratio of 9.29.
Nationstar Mortgage Holdings (NYSE:NSM) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.22 by $0.14. The company had revenue of $631.84 million for the quarter, compared to the consensus estimate of $603.67 million. During the same quarter last year, the company posted $0.64 earnings per share. Nationstar Mortgage Holdings’s revenue was up 127.9% compared to the same quarter last year. On average, analysts predict that Nationstar Mortgage Holdings will post $2.95 earnings per share for the current fiscal year.
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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