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Walter Investment Management Corp (NYSE:WAC) was downgraded by analysts at Compass Point from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $23.00 price target on the stock, down from their previous price target of $28.00. Compass Point’s price target points to a potential downside of 21.56% from the stock’s previous close.

A number of other firms have also recently commented on WAC. Analysts at Zacks upgraded shares of Walter Investment Management Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $27.20 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Walter Investment Management Corp from $41.00 to $30.00 in a research note on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.60.

Shares of Walter Investment Management Corp (NYSE:WAC) traded down 5.15% during mid-day trading on Thursday, hitting $27.81. The stock had a trading volume of 388,499 shares. Walter Investment Management Corp has a 52 week low of $24.00 and a 52 week high of $45.12. The stock’s 50-day moving average is $28.05 and its 200-day moving average is $31.83. The company has a market cap of $1.047 billion and a P/E ratio of 4.63.

Walter Investment Management Corp (NYSE:WAC) last announced its earnings results on Thursday, May 8th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.57. The company had revenue of $369.90 million for the quarter, compared to the consensus estimate of $375.88 million. During the same quarter in the previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts predict that Walter Investment Management Corp will post $5.45 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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