Home Loan Servicing Solutions Receives Consensus Rating of “Buy” from Analysts (NASDAQ:HLSS)
Home Loan Servicing Solutions (NASDAQ:HLSS) has received an average rating of “Buy” from the nine brokerages that are covering the company, Analyst Ratings.Net reports. Nine research analysts have rated the stock with a buy rating, The average twelve-month price target among analysts that have issued a report on the stock in the last year is $25.80.
Home Loan Servicing Solutions (NASDAQ:HLSS) opened at 22.52 on Thursday. Home Loan Servicing Solutions has a one year low of $19.47 and a one year high of $25.59. The stock’s 50-day moving average is $22.0 and its 200-day moving average is $21.89. The company has a market cap of $1.599 billion and a price-to-earnings ratio of 10.51.
Home Loan Servicing Solutions (NASDAQ:HLSS) last announced its earnings results on Thursday, April 17th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.44 earnings per share. On average, analysts predict that Home Loan Servicing Solutions will post $2.27 earnings per share for the current fiscal year.
A number of research firms have recently commented on HLSS. Analysts at Zacks upgraded shares of Home Loan Servicing Solutions from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 24th. They now have a $23.60 price target on the stock. Separately, 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. Finally, 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.
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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