Nationstar Mortgage (NSM) Lowered to “Underweight” at Piper Jaffray Companies
Piper Jaffray Companies cut shares of Nationstar Mortgage (NYSE:NSM) from a neutral rating to an underweight rating in a research report report published on Tuesday morning, Marketbeat reports. Piper Jaffray Companies currently has $13.50 price objective on the financial services provider’s stock.
Several other research analysts have also weighed in on the company. Zacks Investment Research lowered Nationstar Mortgage from a buy rating to a hold rating in a research report on Wednesday, January 24th. ValuEngine raised Nationstar Mortgage from a buy rating to a strong-buy rating in a research report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $20.00 target price on shares of Nationstar Mortgage in a research report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Nationstar Mortgage presently has an average rating of Hold and an average price target of $18.28.
Nationstar Mortgage (NYSE:NSM) opened at $16.63 on Tuesday. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $1,671.12, a price-to-earnings ratio of 11.18 and a beta of 1.22. Nationstar Mortgage has a 52-week low of $14.67 and a 52-week high of $20.71.
ILLEGAL ACTIVITY WARNING: “Nationstar Mortgage (NSM) Lowered to “Underweight” at Piper Jaffray Companies” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2018/02/14/nationstar-mortgage-nsm-lowered-to-underweight-at-piper-jaffray-companies.html.
About Nationstar Mortgage
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.
Receive News & Ratings for Nationstar Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nationstar Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.