Guild (NYSE:GHLD) Price Target Lowered to $15.00 at Wells Fargo & Company

Guild (NYSE:GHLD) had its target price decreased by Wells Fargo & Company from $17.00 to $15.00 in a report released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other brokerages have also issued reports on GHLD. JPMorgan Chase & Co. lifted their target price 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. Wedbush lifted their target price on shares of Guild from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.80.

Guild Price Performance

Guild stock remained flat at $14.50 during midday trading on Thursday. 24,864 shares of the company were exchanged, compared to its average volume of 12,770. The firm has a fifty day moving average of $15.73 and a two-hundred day moving average of $15.06. Guild has a 1 year low of $9.59 and a 1 year 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 firm has a market cap of $890.10 million, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 0.26 and a beta of 1.07.

Guild (NYSE:GHLD) last posted 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. The firm had revenue of $285.69 million during the quarter, compared to analyst estimates of $257.97 million. Guild had a net margin of 3.28% and a return on equity of 5.83%. As a group, sell-side analysts predict that Guild will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Guild

Institutional investors and hedge funds have recently modified their holdings of the business. Bridges Investment Management Inc. acquired a new stake in shares of Guild in the 2nd quarter valued at $10,497,000. O Shaughnessy Asset Management LLC bought a new position in Guild in the 1st quarter worth $149,000. Castleview Partners LLC bought a new position in Guild in the 3rd quarter worth $79,000. Renaissance Technologies LLC raised its holdings in 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 acquiring an additional 2,100 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of Guild by 8.2% during the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock worth $3,508,000 after purchasing an additional 17,992 shares during the period. Institutional investors and hedge funds own 17.52% of the company’s stock.

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.