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Walter Investment Management Corp (NYSE:WAC)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse in a research report issued on Tuesday. They currently have a $40.00 target price on the stock, down from their previous target price of $44.00. Credit Suisse’s target price would indicate a potential upside of 61.62% from the company’s current price.

A number of other firms have also recently commented on WAC. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Walter Investment Management Corp from $30.00 to $26.00 in a research note on Tuesday. Separately, 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. Finally, 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. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $32.67.

Shares of Walter Investment Management Corp (NYSE:WAC) traded down 3.56% on Tuesday, hitting $23.87. The stock had a trading volume of 1,321,037 shares. Walter Investment Management Corp has a 52 week low of $24.00 and a 52 week 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 $898.5 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 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $4.75 earnings per share. The company’s revenue for the quarter 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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