Nationstar Mortgage Holdings Inc. (NSM) Receives $14.63 Average Cost Target from Brokerages

Nationstar Mortgage Holdings Inc. (NYSE:NSM) has earned an average rating of “Hold” from the twelve analysts that are covering the stock. Two investment analysts have rated the stock having a sell recommendation, six have offered a hold recommendation, three have assigned a get recommendation and a single has assigned a strong purchase recommendation for the firm. The average 1-year target value amongst analysts which have covered the stock in the last year is $14.63.

A number of study firms lately commented on NSM. Barclays PLC boosted their cost objective on shares of Nationstar Mortgage Holdings from $12.00 to $14.00 and gave the stock an “equal weight” rating within a report on Thursday, August 4th. Citigroup Inc. boosted their value objective on shares of Nationstar Mortgage Holdings from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Credit Suisse Group AG reissued an “outperform” rating on shares of Nationstar Mortgage Holdings inside a report on Wednesday, July 6th. Zacks Investment Research raised shares of Nationstar Mortgage Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 6th. Lastly, Keefe, Bruyette & Woods upped their price tag target on shares of Nationstar Mortgage Holdings from $12.00 to $14.50 and gave the organization a “market perform” rating within a report on Thursday, August 4th.

Several institutional investors have not too long ago bought and sold shares of NSM. Oppenheimer & Co. Inc. raised its position in Nationstar Mortgage Holdings by 2.8% inside the second quarter. Oppenheimer & Co. Inc. now owns 11,100 shares of the company’s stock worth $125,000 after buying an additional 300 shares within the final quarter. Schwab Charles Investment Management Inc. raised its position in shares of Nationstar Mortgage Holdings by 2.0% within the second quarter. Schwab Charles Investment Management Inc. now owns 144,524 shares of the company’s stock valued at $1,628,000 after buying an additional 2,898 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Nationstar Mortgage Holdings by 2.1% within the second quarter. Dimensional Fund Advisors LP now owns 147,119 shares of the company’s stock valued at $1,657,000 after buying an additional 2,969 shares during the period. BlackRock Advisors LLC raised its position in shares of Nationstar Mortgage Holdings by 20.4% inside the second quarter. BlackRock Advisors LLC now owns 21,664 shares of the company’s stock valued at $244,000 after buying an additional 3,667 shares during the period. Finally, BlackRock Group LTD raised its position in shares of Nationstar Mortgage Holdings by 13.1% inside the second quarter. BlackRock Group LTD now owns 55,582 shares of the company’s stock valued at $626,000 after buying an additional 6,427 shares during the period.
Shares of Nationstar Mortgage Holdings (NYSE:NSM) opened at 15.14 on Thursday. Nationstar Mortgage Holdings has a one year low of $8.29 and a one year high of $16.60. The firm’s market cap is $1.51 billion. The stock’s 50 day moving typical is $14.96 and its 200-day moving typical is $13.32.

Nationstar Mortgage Holdings (NYSE:NSM) final released its quarterly earnings data on Wednesday, August 3rd. The firm reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. The firm had revenue of $346 million for the quarter, compared to the consensus estimate of $369.92 million. Nationstar Mortgage Holdings had a negative net margin of 3.92% and a positive return on equity of 8.98%. The firm’s revenue was down 45.5% on a year-over-year basis. During the same quarter within the previous year, the firm earned $0.32 earnings per share. Analysts anticipate that Nationstar Mortgage Holdings will post $1.28 EPS for the current fiscal year.

Nationstar Mortgage Holdings Organization Profile

Nationstar Mortgage Holdings Inc provides servicing, origination and transaction based services principally to single-family residences throughout the United States. The Business operates through 3 segments: Servicing, Originations and Xome. The Company also operate an integrated residential loan origination platform that is primarily focused on customer retention.

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