Altisource Portfolio Solutions S.A. (ASPS) Receives Average Rating of “Buy” from Brokerages

Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) have been given an average rating of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $20.50.

Several analysts recently issued reports on ASPS shares. Northland Securities reaffirmed a “hold” rating and set a $26.00 price objective on shares of Altisource Portfolio Solutions in a research note on Sunday, October 29th. BidaskClub raised shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, December 16th. Finally, Zacks Investment Research cut shares of Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st.

Shares of Altisource Portfolio Solutions (NASDAQ ASPS) opened at $28.98 on Friday. The company has a market cap of $518.88, a PE ratio of 263.45, a PEG ratio of 0.66 and a beta of 0.99. The company has a debt-to-equity ratio of 6.46, a quick ratio of 2.57 and a current ratio of 2.57. Altisource Portfolio Solutions has a one year low of $16.17 and a one year high of $46.99.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. Altisource Portfolio Solutions had a net margin of 0.23% and a return on equity of 81.23%. The company had revenue of $235.00 million during the quarter, compared to analysts’ expectations of $215.40 million. During the same quarter in the prior year, the company earned $0.54 EPS. Altisource Portfolio Solutions’s revenue was down 7.0% compared to the same quarter last year. research analysts forecast that Altisource Portfolio Solutions will post 2.72 EPS for the current fiscal year.

In other news, major shareholder Deer Park Road Management Comp bought 40,741 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were bought at an average cost of $24.58 per share, for a total transaction of $1,001,413.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Indroneel Chatterjee bought 1,200 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was purchased at an average price of $26.32 per share, for a total transaction of $31,584.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 434,683 shares of company stock valued at $11,892,719. 6.75% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of ASPS. GLG Partners LP acquired a new position in Altisource Portfolio Solutions in the 2nd quarter valued at about $3,585,000. Vanguard Group Inc. boosted its holdings in Altisource Portfolio Solutions by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 937,815 shares of the business services provider’s stock valued at $20,463,000 after purchasing an additional 72,193 shares during the last quarter. Balyasny Asset Management LLC boosted its holdings in Altisource Portfolio Solutions by 185.7% in the 2nd quarter. Balyasny Asset Management LLC now owns 100,000 shares of the business services provider’s stock valued at $2,182,000 after purchasing an additional 65,000 shares during the last quarter. Laurel Wealth Advisors Inc. acquired a new position in Altisource Portfolio Solutions in the 2nd quarter valued at about $1,287,000. Finally, People s United Financial Inc. boosted its holdings in Altisource Portfolio Solutions by 186.1% in the 2nd quarter. People s United Financial Inc. now owns 80,210 shares of the business services provider’s stock valued at $1,750,000 after purchasing an additional 52,176 shares during the last quarter. Institutional investors own 53.55% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Altisource Portfolio Solutions S.A. (ASPS) Receives Average Rating of “Buy” from Brokerages” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2018/01/19/altisource-portfolio-solutions-s-a-asps-receives-average-rating-of-buy-from-brokerages.html.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.

Receive News & Ratings for Altisource Portfolio Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Portfolio Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply