Guild’s (GHLD) Outperform Rating Reiterated at Wedbush

Guild (NYSE:GHLD)‘s stock had its “outperform” rating reaffirmed by analysts at Wedbush in a note issued to investors on Thursday,RTT News reports. They currently have a $20.00 price target on the stock. Wedbush’s price objective points to a potential upside of 37.93% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Guild from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Guild presently has an average rating of “Hold” and an average target price of $16.80.

Guild Stock Performance

Guild stock remained flat at $14.50 during trading on Thursday. The company had a trading volume of 24,864 shares, compared to its average volume of 13,461. The stock has a fifty day moving average price of $15.71 and a two-hundred day moving average price of $15.06. Guild has a 52-week low of $9.59 and a 52-week high of $18.25. The stock has a market capitalization of $890.16 million, a PE ratio of -9.24, a price-to-earnings-growth ratio of 0.25 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.05 and a quick ratio of 0.05.

Guild (NYSE:GHLD) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.21. The company had revenue of $285.69 million during the quarter, compared to the consensus estimate of $257.97 million. Guild had a negative net margin of 12.78% and a positive return on equity of 6.15%. On average, research analysts anticipate that Guild will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Guild

Several large investors have recently made changes to their positions in GHLD. Renaissance Technologies LLC boosted its position in shares of Guild by 8.2% in the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after buying an additional 2,100 shares during the period. Castleview Partners LLC acquired a new position in Guild during the 3rd quarter worth approximately $79,000. Donald Smith & CO. Inc. boosted its holdings in Guild by 2.1% in the 1st quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock worth $6,503,000 after acquiring an additional 9,126 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in Guild in the 1st quarter worth approximately $149,000. Finally, Empowered Funds LLC grew its position in Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after acquiring an additional 13,668 shares in the last quarter. Institutional investors and hedge funds own 17.52% of the company’s stock.

About Guild

Guild Holdings Company originates, sells, and services residential mortgage loans in the United States. It operates in two segments, Origination and Servicing. The company offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.