Nationstar Mortgage Holdings Receives Consensus Recommendation of “Hold” from Analysts (NYSE:NSM)
Shares of Nationstar Mortgage Holdings (NYSE:NSM) have earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company, AnalystRatings.Net reports. Seven analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $48.24.
NSM has been the subject of a number of recent research reports. Analysts at Jefferies Group cut their price target on shares of Nationstar Mortgage Holdings from $53.00 to $42.00 in a research note to investors on Friday, January 31st. Separately, analysts at Sterne Agee downgraded shares of Nationstar Mortgage Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 24th. Finally, analysts at FBR Capital Markets downgraded shares of Nationstar Mortgage Holdings from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 21st. They now have a $45.00 price target on the stock, up previously from $32.00.
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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