Stock analysts at FBR Capital Markets hoisted their target price on shares of Nationstar Mortgage Holdings (NYSE:NSM) from $55.00 to $65.00 in a report issued on Tuesday, American Banking & Market News reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price objective points to a potential upside of 24.69% from the stock’s previous close.
Shares of Nationstar Mortgage Holdings (NYSE:NSM) opened at 52.13 on Tuesday. Nationstar Mortgage Holdings has a 52-week low of $23.53 and a 52-week high of $57.95. The stock has a 50-day moving average of $53.33 and a 200-day moving average of $44.01. The company has a market cap of $4.640 billion and a P/E ratio of 15.27.
Nationstar Mortgage Holdings (NYSE:NSM) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.52. The company had revenue of $603.70 million for the quarter, compared to the consensus estimate of $527.00 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 197.7% on a year-over-year basis.
NSM has been the subject of a number of other recent research reports. Analysts at Jefferies Group upgraded shares of Nationstar Mortgage Holdings from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 18th. They now have a $64.00 price target on the stock, up previously from $40.00. Separately, analysts at Morgan Stanley initiated coverage on shares of Nationstar Mortgage Holdings in a research note to investors on Wednesday, September 11th. They set an “overweight” rating and a $70.00 price target on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of Nationstar Mortgage Holdings in a research note to investors on Monday, September 9th. They set an “outperform” rating and a $62.00 price target on the stock. Ten research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $56.15.
Nationstar Mortgage Holdings Inc is a non-bank residential mortgage servicer with a range of services across the residential mortgage product spectrum.
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