Nationstar Mortgage Holdings Inc (NSM) Given Average Rating of “Hold” by Analysts

Shares of Nationstar Mortgage Holdings Inc (NYSE:NSM) have been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.50.

A number of equities analysts recently weighed in on NSM shares. Zacks Investment Research lowered shares of Nationstar Mortgage from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Piper Jaffray Companies restated a “hold” rating and issued a $18.00 price objective on shares of Nationstar Mortgage in a report on Thursday, January 11th. ValuEngine lowered shares of Nationstar Mortgage from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 price objective on shares of Nationstar Mortgage in a report on Thursday, October 26th.

A number of large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its position in Nationstar Mortgage by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 154,165 shares of the financial services provider’s stock worth $2,759,000 after purchasing an additional 1,751 shares during the period. Voya Investment Management LLC grew its position in Nationstar Mortgage by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 2,156 shares during the period. Proxima Capital Management LLC grew its position in Nationstar Mortgage by 0.5% in the 2nd quarter. Proxima Capital Management LLC now owns 613,240 shares of the financial services provider’s stock worth $10,971,000 after purchasing an additional 3,240 shares during the period. Convergence Investment Partners LLC grew its position in Nationstar Mortgage by 6.9% in the 4th quarter. Convergence Investment Partners LLC now owns 81,730 shares of the financial services provider’s stock worth $1,512,000 after purchasing an additional 5,310 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Nationstar Mortgage in the 2nd quarter worth approximately $160,000. 98.39% of the stock is owned by institutional investors and hedge funds.

Nationstar Mortgage (NSM) traded down $0.07 during mid-day trading on Friday, hitting $17.72. 326,386 shares of the stock traded hands, compared to its average volume of 261,982. Nationstar Mortgage has a 1 year low of $14.67 and a 1 year high of $20.71. The stock has a market capitalization of $1,738.55, a price-to-earnings ratio of 9.33 and a beta of 1.22. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 6.26.

Nationstar Mortgage (NYSE:NSM) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $481.67 million. During the same period last year, the business earned $0.52 earnings per share. analysts forecast that Nationstar Mortgage will post 1.58 earnings per share for the current year.

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About Nationstar Mortgage

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.

Analyst Recommendations for Nationstar Mortgage (NYSE:NSM)

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