Home Loan Servicing Solutions Lowered to Neutral at Zacks (HLSS)
Home Loan Servicing Solutions (NASDAQ:HLSS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday. They currently have a $24.70 price objective on the stock. Zacks‘s price target points to a potential upside of 9.24% from the company’s current price.
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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Home Loan Servicing Solutions has an average rating of “Buy” and a consensus price target of $25.96.
Home Loan Servicing Solutions (NASDAQ:HLSS) traded up 0.62% during mid-day trading on Tuesday, hitting $22.75. 365,690 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 has a 50-day moving average of $22.1 and a 200-day moving average of $21.86. The company has a market cap of $1.616 billion and a P/E ratio of 10.49.
Home Loan Servicing Solutions (NASDAQ:HLSS) last posted its quarterly 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. Analysts expect that Home Loan Servicing Solutions will post $2.27 EPS for the current fiscal year.
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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