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Walter Investment Management Corp (NYSE:WAC) was downgraded by Jefferies Group to a “hold” rating in a research note issued on Friday, AnalystRatingsNetwork.com reports.

Walter Investment Management Corp (NYSE:WAC) opened at 28.81 on Friday. Walter Investment Management Corp has a 52-week low of $24.00 and a 52-week high of $45.12. The stock has a 50-day moving average of $28.09 and a 200-day moving average of $31.81. The company has a market cap of $1.084 billion and a P/E ratio of 4.63.

Walter Investment Management Corp (NYSE:WAC) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.50 earnings per share. The company’s quarterly revenue 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.

WAC has been the subject of a number of other recent research reports. Analysts at Compass Point downgraded shares of Walter Investment Management Corp from a “neutral” rating to a “sell” rating in a research note on Thursday. They now have a $23.00 price target on the stock, down previously from $28.00. Separately, 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 Zacks downgraded shares of Walter Investment Management Corp from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 4th. They now have a $24.20 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Walter Investment Management Corp currently has an average rating of “Hold” and a consensus price target of $32.84.

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

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