Walter Investment Management Price Target Cut to $45.00 by Analysts at Credit Suisse (WAC)
Walter Investment Management (NYSE: WAC) had its price target lowered by Credit Suisse from $50.00 to $45.00 in a research report released on Wednesday morning. Credit Suisse currently has a buy rating on the stock.
A number of other firms have also recently commented on WAC. Analysts at Compass Point cut their price target on shares of Walter Investment Management from $52.00 to $42.00 in a research note to investors on Wednesday. They now have a buy rating on the stock. Separately, analysts at FBR Capital cut their price target on shares of Walter Investment Management from $55.00 to $48.00 in a research note to investors on Wednesday. They now have an outperform rating on the stock. Finally, analysts at Sterne Agee upgraded shares of Walter Investment Management from a neutral rating to a buy rating in a research note to investors on Wednesday. They now have a $45.00 price target on the stock, down previously from $50.00.
One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $45.60.
Walter Investment Management (NYSE: WAC) traded down 4.66% on Wednesday, hitting $32.338. Walter Investment Management has a 1-year low of $31.76 and a 1-year high of $44.50. The stock’s 50-day moving average is currently $37.. The company’s market cap is $1.186 billion.
Walter Investment Management Corp. (NYSE: WAC) together with its subsidiaries, is a mortgage servicer and mortgage portfolio owner.
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