Zacks Upgrades Home Loan Servicing Solutions to Outperform (HLSS)
Home Loan Servicing Solutions (NASDAQ:HLSS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Thursday, AnalystRatingsNetwork reports. The firm currently has a $23.60 price objective on the stock. Zacks‘s target price points to a potential upside of 5.83% from the stock’s previous close.
Home Loan Servicing Solutions (NASDAQ:HLSS) traded down 0.25% during mid-day trading on Thursday, hitting $22.245. 432,910 shares of the company’s stock traded hands. Home Loan Servicing Solutions has a 52 week low of $19.47 and a 52 week high of $25.59. The stock’s 50-day moving average is $21.5 and its 200-day moving average is $22.15. The company has a market cap of $1.580 billion and a P/E ratio of 10.34.
Home Loan Servicing Solutions (NASDAQ:HLSS) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.02. The company had revenue of $192.75 million for the quarter, compared to the consensus estimate of $204.44 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, analysts predict that Home Loan Servicing Solutions will post $2.18 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Friday, May 30th will be paid a dividend of $0.16 per share. This represents a $1.92 annualized dividend and a dividend yield of 8.61%. The ex-dividend date is Wednesday, May 28th.
Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray upgraded shares of Home Loan Servicing Solutions from a “neutral” rating to an “overweight” rating in a research note on Friday, March 28th. They now have a $25.50 price target on the stock. Separately, analysts at Sidoti initiated coverage on shares of Home Loan Servicing Solutions in a research note on Thursday, March 20th. They set a “buy” rating on the stock. Finally, analysts at Barclays cut their price target on shares of Home Loan Servicing Solutions from $29.00 to $26.00 in a research note on Tuesday, February 25th. They now have an “overweight” rating on the stock. Nine investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $25.80.
Home Loan Servicing Solutions, Ltd is a development-stage company. The Company is formed to acquire mortgage servicing assets, primarily subprime and Alt-A mortgage servicing rights and associated servicing advances.
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