Nationstar Mortgage (NYSE:NSM) was downgraded by investment analysts at Piper Jaffray Companies from a “neutral” rating to an “underweight” rating in a research note issued on Tuesday, The Fly reports.
Several other analysts have also recently issued reports on NSM. Zacks Investment Research cut Nationstar Mortgage from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 target price on shares of Nationstar Mortgage in a research report on Thursday, October 26th. Finally, ValuEngine cut Nationstar Mortgage from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Nationstar Mortgage currently has an average rating of “Hold” and a consensus price target of $18.78.
Nationstar Mortgage (NSM) traded down $0.28 during trading hours on Tuesday, hitting $16.82. The company had a trading volume of 2,123,795 shares, compared to its average volume of 345,979. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.46 and a quick ratio of 0.46. Nationstar Mortgage has a 12-month low of $14.67 and a 12-month high of $20.71. The stock has a market capitalization of $1,637.90, a PE ratio of 8.87 and a beta of 1.22.
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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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