Walker & Dunlop (NYSE:WD) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Wednesday, Stock Ratings Network reports. They currently have a $14.10 target price on the stock. Zacks‘ price objective would suggest a potential downside of 5.24% from the stock’s previous close.
Shares of Walker & Dunlop (NYSE:WD) traded down 0.81% during mid-day trading on Wednesday, hitting $14.76. Walker & Dunlop has a one year low of $11.94 and a one year high of $21.76. The stock’s 50-day moving average is currently $17.97. The company has a market cap of $498.8 million and a P/E ratio of 11.62.
Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.59 by $0.15. The company had revenue of $90.70 million for the quarter, compared to the consensus estimate of $95.20 million. On average, analysts predict that Walker & Dunlop will post $1.67 earnings per share for the current fiscal year.
A number of other firms have also recently commented on WD. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Walker & Dunlop from $22.00 to $20.00 in a research note to investors on Monday. Separately, analysts at TheStreet downgraded shares of Walker & Dunlop to a “hold” rating in a research note to investors on Monday. Finally, analysts at JMP Securities cut their price target on shares of Walker & Dunlop from $24.00 to $21.00 in a research note to investors on Friday, August 9th. They now have a “market outperform” rating on the stock.
One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $19.02.
In other Walker & Dunlop news, CEO William Walker bought 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of $14.68 per share, for a total transaction of $146,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,789,078 shares of the company’s stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Walker & Dunlop, Inc (NYSE:WD) is a holding company and conducts all of its operations through Walker & Dunlop, LLC.
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