JPMorgan Chase & Co. Lowers Guild (NYSE:GHLD) Price Target to $14.50

Guild (NYSE:GHLD) had its price objective lowered by JPMorgan Chase & Co. from $17.00 to $14.50 in a research note published on Thursday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company dropped their price target 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. Wedbush restated an “outperform” rating and set a $20.00 target price on shares of Guild in a research report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Guild presently has an average rating of “Hold” and an average target price of $16.80.

Guild Price Performance

Shares of GHLD remained flat at $14.50 during mid-day trading on Thursday. The company’s stock had a trading volume of 24,864 shares, compared to its average volume of 13,461. Guild has a 52-week low of $9.59 and a 52-week high of $18.25. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.05 and a current ratio of 0.05. The stock’s 50 day moving average price is $15.71 and its two-hundred day moving average price is $15.07. The company has a market capitalization of $890.16 million, a price-to-earnings ratio of -9.35, a P/E/G ratio of 0.25 and a beta of 1.07.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GHLD. Bridges Investment Management Inc. purchased a new position in shares of Guild during the second quarter worth about $10,497,000. Donald Smith & CO. Inc. lifted its position in Guild by 2.1% during the first quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock valued at $6,503,000 after purchasing an additional 9,126 shares during the last quarter. Empowered Funds LLC grew its stake in Guild by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after buying an additional 13,668 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Guild by 8.2% in the 2nd 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 last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Guild in the 1st quarter worth $149,000. 17.52% of the stock is currently owned by hedge funds and other 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.