Nationstar Mortgage Holdings Price Target Raised to $40.00 at Credit Suisse (NSM)
Investment analysts at Credit Suisse raised their target price on shares of Nationstar Mortgage Holdings (NYSE:NSM) from $38.00 to $40.00 in a note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target would indicate a potential upside of 14.29% from the company’s current price.
NSM has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Nationstar Mortgage Holdings from a “neutral” rating to an “underperform” rating in a research note on Monday, August 18th. They now have a $31.00 price target on the stock. 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 investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $41.00.
Shares of Nationstar Mortgage Holdings (NYSE:NSM) traded down 2.00% on Tuesday, hitting $34.30. 70,284 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’s 50-day moving average is $32.88 and its 200-day moving average is $32.52. The company has a market cap of $3.051 billion and a P/E ratio of 26.08.
Nationstar Mortgage Holdings (NYSE:NSM) last posted its quarterly earnings results 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.
Nationstar Mortgage Holdings Inc is a non-bank residential mortgage servicer with a range of services across the residential mortgage product spectrum.
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