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Walter Investment Management Corp (NYSE:WAC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday. They currently have a $32.80 price objective on the stock. Zacks‘s price target suggests a potential upside of 18.88% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group downgraded shares of Walter Investment Management Corp from a “buy” rating to a “hold” rating in a research note on Friday, May 16th. They now have a $27.00 price target on the stock, down previously from $38.00. 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, May 15th. They now have a $23.00 price target on the stock, down previously from $28.00. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Walter Investment Management Corp has an average rating of “Hold” and a consensus price target of $32.80.

Shares of Walter Investment Management Corp (NYSE:WAC) traded down 0.91% on Wednesday, hitting $27.34. 112,370 shares of the company’s stock traded hands. Walter Investment Management Corp has a 1-year low of $24.00 and a 1-year high of $45.12. The stock’s 50-day moving average is $29.00 and its 200-day moving average is $29.57. The company has a market cap of $1.029 billion and a price-to-earnings ratio of 4.35.

Walter Investment Management Corp (NYSE:WAC) last released its 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 $5.30 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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