Compass Point Issues Positive Forecast for Guild (NYSE:GHLD) Stock Price

Guild (NYSE:GHLD) had its target price hoisted by research analysts at Compass Point from $16.00 to $19.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Compass Point’s price objective suggests a potential upside of 46.66% from the company’s current price.

GHLD has been the subject of several other research reports. JPMorgan Chase & Co. cut their target price on Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Wedbush restated an “outperform” rating and issued a $20.00 price objective on shares of Guild in a research report on Thursday, November 7th. Finally, Wells Fargo & Company decreased their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Guild presently has a consensus rating of “Moderate Buy” and an average target price of $16.67.

Guild Stock Performance

Shares of Guild stock traded up $0.22 during trading hours on Tuesday, reaching $12.96. The company had a trading volume of 626 shares, compared to its average volume of 12,900. The firm has a market cap of $801.78 million, a PE ratio of -8.36, a price-to-earnings-growth ratio of 0.27 and a beta of 1.00. Guild has a one year low of $11.21 and a one year high of $18.25. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06. The business has a fifty day simple moving average of $13.61 and a 200 day simple moving average of $14.78.

Institutional Investors Weigh In On Guild

Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in shares of Guild by 8.2% during 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. Castleview Partners LLC purchased a new position in shares of Guild during the third quarter valued at approximately $79,000. Empowered Funds LLC grew its stake in shares of 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 during the last quarter. Basswood Capital Management L.L.C. increased its position 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 valued at $10,875,000 after buying an additional 69,603 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after buying an additional 1,901 shares during the last quarter. 17.52% of the stock is currently owned by 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.