Wedbush Initiates Coverage On Nationstar Mortgage Holdings Inc to Outperform with Price Target $19

Wedbush Initiates Coverage On Nationstar Mortgage Holdings Inc(NSM). In a research note issued to the investors, the brokerage major Announces the price-target to $19 per share. The shares have been rated Outperform. The rating by the stock financial advisor at Wedbush was issued on Mar 28, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 8, 2017, PiperJaffray said it Downgrades its rating on Nationstar Mortgage Holdings Inc. The shares have been rated ‘Underweight’ by the firm. On Feb 23, 2017, Barclays said it Downgrades its rating on Nationstar Mortgage Holdings Inc. The shares have been rated ‘Underweight’ by the firm.

Nationstar Mortgage Holdings Inc (NSM) shares turned negative on Fridays trading session with the shares closing down -0.09 points or -0.60% at a volume of 7,44,071. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.15. The peak price level was also seen at $15.15 while the days lowest was $14.89. Finally the shares closed at $14.95. The 52-week high of the shares is $19.83 while the 52-week low is $9.29. According to the latest information available, the market cap of the company is $1,462 M.

Nationstar Mortgage Holdings Inc(NSM) last announced its earnings results on Feb 22, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $789.000M. Analysts had an estimated revenue of $369.920M. Earnings per share were $0.36.

Several Insider Transactions has been reported to the SEC. On Nov 12, 2015, Robert H Gidel (director) sold 3,500 shares at $14.89 per share price.Also, On Mar 18, 2015, Brett Hawkins (director) sold 3,500 shares at $30.10 per share price.

Nationstar Mortgage Holdings Inc. (Nationstar) is a real estate services company engaged in delivery of servicing origination and transaction-based services to single-family residences throughout the United States. Its segments are: Servicing Originations and Solutionstar. The Company provides residential mortgage servicers in the United States conducting operations through its Nationstar Mortgage and Champion Mortgage brands. Solutionstar is the Company’s technology and services segment which provides technology and data solutions to homebuyers home sellers real estate agents and companies that engage in the origination and servicing of loans. It caters to homeowners homebuyers and home sellers.

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