Nationstar Mortgage (NYSE:NSM) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

A number of other equities research analysts also recently issued reports on the stock. Piper Jaffray Companies raised shares of Nationstar Mortgage from an “underweight” rating to a “neutral” rating in a research report on Tuesday, November 21st. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 target price on shares of Nationstar Mortgage in a research note on Thursday, October 26th. Zacks Investment Research cut shares of Nationstar Mortgage from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Finally, BidaskClub cut shares of Nationstar Mortgage from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Nationstar Mortgage currently has a consensus rating of “Hold” and a consensus target price of $18.33.

Shares of Nationstar Mortgage (NYSE:NSM) traded up $0.23 during mid-day trading on Friday, hitting $18.30. 415,383 shares of the stock were exchanged, compared to its average volume of 504,255. Nationstar Mortgage has a 12-month low of $14.67 and a 12-month high of $20.71. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $1,765.92, a P/E ratio of 11.81 and a beta of 1.42.

Nationstar Mortgage (NYSE:NSM) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Nationstar Mortgage had a net margin of 9.34% and a return on equity of 8.88%. The firm had revenue of $406.00 million during the quarter, compared to the consensus estimate of $481.67 million. During the same quarter in the previous year, the firm posted $0.52 EPS. sell-side analysts expect that Nationstar Mortgage will post 1.5 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rubric Capital Management LP lifted its stake in shares of Nationstar Mortgage by 14.8% during the 3rd quarter. Rubric Capital Management LP now owns 923,774 shares of the financial services provider’s stock valued at $17,154,000 after buying an additional 119,137 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Nationstar Mortgage during the 3rd quarter valued at $486,000. Engineers Gate Manager LP purchased a new position in shares of Nationstar Mortgage during the 3rd quarter valued at $227,000. Convergence Investment Partners LLC lifted its stake in Nationstar Mortgage by 11.6% in the 3rd quarter. Convergence Investment Partners LLC now owns 76,420 shares of the financial services provider’s stock worth $1,419,000 after purchasing an additional 7,930 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Nationstar Mortgage by 44.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 895,132 shares of the financial services provider’s stock worth $16,622,000 after purchasing an additional 275,248 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

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Nationstar Mortgage Company Profile

Nationstar Mortgage Holdings Inc provides servicing, origination and transaction based services principally to single-family residences throughout the United States. The Company operates through three segments: Servicing, Originations and Xome. The Company provides residential loan services in the United States.

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Analyst Recommendations for Nationstar Mortgage (NYSE:NSM)

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