Guild Holdings (NYSE:GHLD) Receives $16.67 Consensus Price Target from Brokerages

Guild Holdings (NYSE:GHLD) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $16.67.

Several brokerages have issued reports on GHLD. Compass Point boosted their price target on Guild from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Wedbush reiterated an “outperform” rating and set a $20.00 target price on shares of Guild in a research report on Thursday, November 7th. Wells Fargo & Company cut their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a research note on Tuesday, January 14th.

Guild Stock Performance

Shares of Guild stock opened at $12.62 on Friday. The company has a market cap of $780.80 million, a P/E ratio of -8.14, a PEG ratio of 0.26 and a beta of 0.98. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $13.14 and a two-hundred day moving average price of $14.54. Guild has a 1-year low of $11.21 and a 1-year high of $18.25.

Institutional Trading of Guild

Several institutional investors and hedge funds have recently modified their holdings of GHLD. HighTower Advisors LLC raised its stake in shares of Guild by 419.9% in the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock valued at $1,768,000 after buying an additional 101,209 shares during the period. Bayview Asset Management LLC boosted its position in shares of Guild by 6.4% in the fourth quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company’s stock valued at $22,517,000 after acquiring an additional 95,327 shares during the period. Basswood Capital Management L.L.C. increased its holdings in Guild by 11.9% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock worth $10,875,000 after acquiring an additional 69,603 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in Guild by 5.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company’s stock worth $8,870,000 after purchasing an additional 31,540 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in Guild by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after purchasing an additional 13,668 shares during the period. 17.52% of the stock is owned by hedge funds and other institutional investors.

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.