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Walter Investment Management Corp. (NYSE:WAC) was downgraded by Ned Davis Research from a “neutral” rating to a “sell” rating in a research note issued on Tuesday, StockRatingsNetwork.com reports.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Walter Investment Management Corp. in a research note to investors on Wednesday, November 13th. They now have a $44.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Walter Investment Management Corp. from $44.00 to $41.00 in a research note to investors on Wednesday, November 13th. They now have a “market perform” rating on the stock. Finally, analysts at Compass Point cut their price target on shares of Walter Investment Management Corp. from $43.00 to $35.00 in a research note to investors on Thursday, November 7th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $44.10.

Shares of Walter Investment Management Corp. (NYSE:WAC) traded down 0.61% during mid-day trading on Tuesday, hitting $32.75. 144,958 shares of the company’s stock traded hands. Walter Investment Management Corp. has a 52-week low of $31.02 and a 52-week high of $49.99. The stock has a 50-day moving average of $36.22 and a 200-day moving average of $37.73. The company has a market cap of $1.212 billion and a P/E ratio of 5.88.

Walter Investment Management Corp. (NYSE:WAC) last announced its earnings results on Wednesday, November 6th. The company reported $2.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.47 by $0.86. The company had revenue of $489.16 million for the quarter, compared to the consensus estimate of $416.37 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 204.4% on a year-over-year basis. On average, analysts predict that Walter Investment Management Corp. will post $9.69 earnings per share for the current fiscal year.

Walter Investment Management Corp., together with its subsidiaries, is a fee-based business services provider to the residential mortgage industry.

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