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Investment analysts at Keefe, Bruyette & Woods reduced their price target on shares of Walter Investment Management Corp (NYSE:WAC) from $30.00 to $26.00 in a note issued to investors on Tuesday. Keefe, Bruyette & Woods’ target price points to a potential upside of 5.05% from the stock’s previous close.

A number of other analysts have also recently weighed in on WAC. Analysts at FBR Capital Markets downgraded shares of Walter Investment Management Corp from an “outperform” rating to a “market perform” rating in a research note on Tuesday. They now have a $28.00 price target on the stock, down previously from $32.00. Separately, analysts at Wells Fargo & Co. downgraded shares of Walter Investment Management Corp from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 16th. Finally, 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. Three analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.20.

Shares of Walter Investment Management Corp (NYSE:WAC) traded down 3.41% during mid-day trading on Tuesday, hitting $23.905. The stock had a trading volume of 1,060,210 shares. Walter Investment Management Corp has a 1-year low of $24.00 and a 1-year high of $41.85. The stock’s 50-day moving average is $28.20 and its 200-day moving average is $28.50. The company has a market cap of $899.9 million and a P/E ratio of 3.90.

Walter Investment Management Corp (NYSE:WAC) last issued its quarterly earnings data on Monday, August 11th. The company reported $1.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.22 by $0.03. The company had revenue of $413.71 million for the quarter, compared to the consensus estimate of $381.07 million. During the same quarter in the prior year, the company posted $4.75 earnings per share. The company’s quarterly revenue was down 30.6% on a year-over-year basis. On average, analysts predict that Walter Investment Management Corp will post $5.22 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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