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Walter Investment Management Corp (NYSE:WAC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Monday. They currently have a $24.20 target price on the stock. Zacks‘s target price would suggest a potential downside of 5.10% from the stock’s previous close.

In other Walter Investment Management Corp news, CFO Gary Tillett acquired 7,900 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $24.83 per share, with a total value of $196,157.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Walter Investment Management Corp (NYSE:WAC) traded up 0.59% on Monday, hitting $25.65. 327,680 shares of the company’s stock traded hands. Walter Investment Management Corp has a 52 week low of $23.51 and a 52 week high of $41.85. The stock has a 50-day moving average of $27.68 and a 200-day moving average of $28.3. The company has a market cap of $967.1 million and a P/E ratio of 11.24.

Walter Investment Management Corp (NYSE:WAC) last released its 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. Analysts expect that Walter Investment Management Corp will post $5.42 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on WAC. Analysts at Compass Point cut their price target on shares of Walter Investment Management Corp from $23.00 to $18.00 in a research note on Monday. They now have a “sell” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Walter Investment Management Corp in a research note on Tuesday, August 12th. They now have a $40.00 price target on the stock, down previously from $44.00. Finally, 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, August 12th. They now have a “market perform” rating on the stock. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.74.

Walter Investment Management Corp., together with its subsidiaries, is a fee-based business services provider to the residential mortgage industry.

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