Nationstar Mortgage (NYSE:NSM) Downgraded to “Sell” at ValuEngine

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Nationstar Mortgage (NYSE:NSM) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Wednesday, June 13th.

A number of other research firms also recently commented on NSM. Zacks Investment Research downgraded Nationstar Mortgage from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 14th. Barclays reissued a “sell” rating and issued a $19.00 target price (up previously from $18.00) on shares of Nationstar Mortgage in a report on Friday, March 2nd. Credit Suisse Group reduced their target price on Nationstar Mortgage from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Finally, Piper Jaffray Companies downgraded Nationstar Mortgage from a “neutral” rating to an “underweight” rating and set a $13.50 target price for the company. in a report on Tuesday, February 13th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.70.

Shares of Nationstar Mortgage opened at $17.75 on Wednesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 5.31, a current ratio of 0.40 and a quick ratio of 0.40. Nationstar Mortgage has a 1-year low of $15.95 and a 1-year high of $20.71. The firm has a market cap of $1.77 billion, a P/E ratio of 10.33 and a beta of 1.11.

Nationstar Mortgage (NYSE:NSM) last issued its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Nationstar Mortgage had a return on equity of 9.85% and a net margin of 10.38%. The firm had revenue of $588.00 million during the quarter, compared to the consensus estimate of $513.73 million. During the same period last year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. sell-side analysts predict that Nationstar Mortgage will post 2.3 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Adirondack Research & Management Inc. raised its stake in shares of Nationstar Mortgage by 1.4% during the 4th quarter. Adirondack Research & Management Inc. now owns 272,548 shares of the financial services provider’s stock worth $5,042,000 after buying an additional 3,700 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Nationstar Mortgage by 1.6% during the 1st quarter. American Century Companies Inc. now owns 283,057 shares of the financial services provider’s stock worth $5,084,000 after buying an additional 4,559 shares during the last quarter. Quinn Opportunity Partners LLC raised its stake in shares of Nationstar Mortgage by 10.4% during the 4th quarter. Quinn Opportunity Partners LLC now owns 52,787 shares of the financial services provider’s stock worth $977,000 after buying an additional 4,982 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Nationstar Mortgage by 4.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 149,406 shares of the financial services provider’s stock worth $2,684,000 after buying an additional 5,824 shares during the last quarter. Finally, Equitec Proprietary Markets LLC acquired a new position in shares of Nationstar Mortgage during the 1st quarter worth $162,000. 97.12% of the stock is owned by institutional investors and hedge funds.

Nationstar Mortgage Company Profile

Nationstar Mortgage Holdings Inc provides servicing, origination, and transaction based services primarily to single-family residences in the United States. It operates in three segments: Servicing, Originations, and Xome. The Servicing segment offers conventional residential mortgage loans and home equity conversion loans.

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