BidaskClub Lowers WMIH (WMIH) to Sell
WMIH (NASDAQ:WMIH) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.
Several other research firms have also issued reports on WMIH. Piper Jaffray Companies began coverage on WMIH in a research note on Friday, August 24th. They issued an “underweight” rating and a $1.25 price objective for the company. Wedbush began coverage on WMIH in a research note on Thursday, August 23rd. They issued an “outperform” rating and a $1.90 price objective for the company. Credit Suisse Group began coverage on WMIH in a research note on Tuesday, July 31st. They issued an “outperform” rating and a $1.85 price objective for the company. Barclays reaffirmed a “sell” rating and issued a $1.50 price objective on shares of WMIH in a research note on Wednesday, August 1st. Finally, Keefe, Bruyette & Woods began coverage on WMIH in a research note on Tuesday, July 31st. They issued an “outperform” rating and a $1.80 price objective for the company. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $1.66.
NASDAQ:WMIH opened at $1.60 on Wednesday. The company has a market capitalization of $333.66 million, a PE ratio of 159.00 and a beta of -1.33. WMIH has a 1 year low of $0.60 and a 1 year high of $1.67.
WMIH Company Profile
WMIH Corp., through its subsidiary, WM Mortgage Reinsurance Company, Inc, engages in legacy reinsurance business with respect to mortgage insurance operated in runoff mode. The company was formerly known as WMI Holdings Corp. and changed its name to WMIH Corp. in May 2015. WMIH Corp. was founded in 1889 and is headquartered in Seattle, Washington.
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