Wedbush Reiterates Outperform Rating for Guild (NYSE:GHLD)

Guild (NYSE:GHLD)‘s stock had its “outperform” rating reissued by equities research analysts at Wedbush in a report released on Thursday, RTT News reports. They currently have a $20.00 price target on the stock. Wedbush’s price target points to a potential upside of 39.96% from the company’s current price.

A number of other research analysts also recently commented on GHLD. Wells Fargo & Company reduced their price objective 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. JPMorgan Chase & Co. boosted their price target on Guild from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.30.

Guild Stock Up 2.1 %

NYSE:GHLD traded up $0.29 during mid-day trading on Thursday, hitting $14.29. The company had a trading volume of 9,426 shares, compared to its average volume of 12,624. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.76. Guild has a 1 year low of $9.59 and a 1 year high of $18.25. The firm has a market capitalization of $877.21 million, a price-to-earnings ratio of 34.02, a PEG ratio of 0.26 and a beta of 1.07. The business has a fifty day simple moving average of $15.78 and a 200-day simple moving average of $15.07.

Guild (NYSE:GHLD) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.21. Guild had a net margin of 3.28% and a return on equity of 5.83%. The firm had revenue of $285.69 million for the quarter, compared to analyst estimates of $257.97 million. Equities analysts forecast that Guild will post 1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Guild

Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in Guild by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after purchasing an additional 2,100 shares during the period. Castleview Partners LLC bought a new stake in Guild during the 3rd quarter valued at $79,000. Donald Smith & CO. Inc. boosted its position in Guild by 2.1% during 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 acquired a new position in shares of Guild during the first quarter valued at $149,000. Finally, Empowered Funds LLC lifted its holdings in Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after purchasing an additional 13,668 shares during the period. 17.52% of the stock is currently owned by institutional investors.

Guild Company Profile

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.