Nationstar Mortgage (NSM) Raised to Strong-Buy at ValuEngine
Nationstar Mortgage (NYSE:NSM) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Friday.
Several other equities research analysts also recently issued reports on the company. BidaskClub downgraded Nationstar Mortgage from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies raised Nationstar Mortgage from an “underweight” rating to a “neutral” rating in a research report on Tuesday, November 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 price target on shares of Nationstar Mortgage in a research report on Thursday, October 26th. Finally, Zacks Investment Research downgraded Nationstar Mortgage from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Nationstar Mortgage has an average rating of “Hold” and an average target price of $18.33.
Nationstar Mortgage (NYSE:NSM) opened at $18.30 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 6.26. The company has a market cap of $1,790.00, a price-to-earnings ratio of 11.37 and a beta of 1.47. Nationstar Mortgage has a 1 year low of $14.67 and a 1 year high of $20.71.
Nationstar Mortgage (NYSE:NSM) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The firm had revenue of $406.00 million for the quarter, compared to the consensus estimate of $481.67 million. Nationstar Mortgage had a net margin of 1.72% and a return on equity of 1.69%. During the same period in the prior year, the business posted $0.52 earnings per share. equities analysts anticipate that Nationstar Mortgage will post 1.5 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA lifted its stake in Nationstar Mortgage by 256.6% during the second quarter. BNP Paribas Arbitrage SA now owns 6,020 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 4,332 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Nationstar Mortgage in the second quarter valued at approximately $160,000. Legal & General Group Plc raised its stake in shares of Nationstar Mortgage by 33.7% in the first quarter. Legal & General Group Plc now owns 13,848 shares of the financial services provider’s stock valued at $219,000 after acquiring an additional 3,487 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Nationstar Mortgage in the third quarter valued at approximately $227,000. Finally, Voya Investment Management LLC raised its stake in shares of Nationstar Mortgage by 14.7% in the second quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 2,156 shares during the last quarter. Hedge funds and other 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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