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Nationstar Mortgage Holdings (NYSE:NSM) was downgraded by research analysts at FBR Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. They currently have a $45.00 price target on the stock, up from their previous price target of $32.00. FBR Capital Markets’ target price suggests a potential upside of 44.23% from the stock’s previous close.

NSM has been the subject of a number of other recent research reports. Analysts at Sterne Agee upgraded shares of Nationstar Mortgage Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 13th. Separately, 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, January 8th. They now have a $35.20 price target on the stock. Finally, 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. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Nationstar Mortgage Holdings presently has a consensus rating of “Hold” and an average target price of $49.47.

Nationstar Mortgage Holdings (NYSE:NSM) traded down 3.08% during mid-day trading on Tuesday, hitting $31.20. The stock had a trading volume of 1,086,325 shares. Nationstar Mortgage Holdings has a 52 week low of $30.91 and a 52 week high of $57.95. The stock has a 50-day moving average of $37.01 and a 200-day moving average of $45.77. The company has a market cap of $2.777 billion and a P/E ratio of 8.73.

Nationstar Mortgage Holdings (NYSE:NSM) last announced its earnings results on Thursday, November 7th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 127.9% on a year-over-year basis. On average, analysts predict that Nationstar Mortgage Holdings will post $2.94 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.

The Fly On The Wall

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