Share on StockTwits

Nationstar Mortgage Holdings (NYSE:NSM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Monday. They currently have a $31.00 price target on the stock. Zacks‘s price target indicates a potential downside of 4.94% from the company’s current price.

Separately, analysts at Wells Fargo & Co. downgraded shares of Nationstar Mortgage Holdings from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Nationstar Mortgage Holdings presently has a consensus rating of “Hold” and an average price target of $41.75.

Shares of Nationstar Mortgage Holdings (NYSE:NSM) traded up 1.20% during mid-day trading on Monday, hitting $33.00. 120,914 shares of the company’s stock traded hands. Nationstar Mortgage Holdings has a 52 week low of $24.50 and a 52 week high of $57.95. The stock has a 50-day moving average of $33.09 and a 200-day moving average of $32.10. The company has a market cap of $2.936 billion and a price-to-earnings ratio of 24.30.

Nationstar Mortgage Holdings (NYSE:NSM) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.82 by $0.05. The company had revenue of $576.73 million for the quarter, compared to the consensus estimate of $369.92 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Analysts expect that Nationstar Mortgage Holdings will post $3.29 EPS for the current fiscal year.

Nationstar Mortgage Holdings Inc is a non-bank residential mortgage servicer with a range of services across the residential mortgage product spectrum.

To view Zacks’ full report, visit Zacks’ official website.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.