Jefferies Group Downgrades Nationstar Mortgage Holdings to Hold (NSM)
Nationstar Mortgage Holdings (NYSE:NSM) was downgraded by equities research analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on NSM. Analysts at Zacks downgraded shares of Nationstar Mortgage Holdings from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $30.10 price target on the stock. Separately, analysts at Compass Point reiterated a “neutral” rating on shares of Nationstar Mortgage Holdings in a research note on Wednesday. They now have a $35.00 price target on the stock, up previously from $30.00. Finally, analysts at Oppenheimer cut their price target on shares of Nationstar Mortgage Holdings from $49.00 to $45.00 in a research note on Friday, May 9th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.01.
Nationstar Mortgage Holdings (NYSE:NSM) opened at 31.69 on Friday. Nationstar Mortgage Holdings has a 52-week low of $24.50 and a 52-week high of $57.95. The stock’s 50-day moving average is $31.43 and its 200-day moving average is $34.39. The company has a market cap of $2.831 billion and a P/E ratio of 16.24.
Nationstar Mortgage Holdings (NYSE:NSM) last announced its earnings results on Thursday, May 8th. The company reported $0.53 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.72 by $0.19. The company had revenue of $469.64 million for the quarter, compared to the consensus estimate of $369.92 million. During the same quarter last year, the company posted $0.85 earnings per share. Nationstar Mortgage Holdings’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Nationstar Mortgage Holdings will post $3.61 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.
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