Wedbush Reiterates Outperform Rating for Guild (NYSE:GHLD)

Guild (NYSE:GHLD)‘s stock had its “outperform” rating reaffirmed by Wedbush in a report released on Friday, Benzinga reports. They currently have a $17.00 price target on the stock. Wedbush’s price target indicates a potential upside of 17.73% from the company’s previous close.

Several other equities research analysts have also recently issued reports on GHLD. Wells Fargo & Company lifted their price objective on shares of Guild from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 13th. BTIG Research started coverage on Guild in a report on Wednesday, February 21st. They issued a “buy” rating and a $18.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered Guild from a “neutral” rating to an “underweight” rating and set a $14.00 price target for the company. in a research note on Wednesday, April 3rd. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.60.

Guild Stock Performance

Shares of GHLD opened at $14.44 on Friday. Guild has a 52 week low of $9.59 and a 52 week high of $15.06. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.85. The stock has a market cap of $882.28 million, a price-to-earnings ratio of -22.22 and a beta of 1.03. The business has a 50-day simple moving average of $14.22 and a two-hundred day simple moving average of $13.58.

Guild (NYSE:GHLD) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.09. Guild had a negative net margin of 5.95% and a positive return on equity of 3.57%. The business had revenue of $57.23 million during the quarter, compared to analyst estimates of $164.82 million. On average, analysts expect that Guild will post 1.26 EPS for the current year.

Hedge Funds Weigh In On Guild

A number of institutional investors and hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC purchased a new stake in Guild during the 3rd quarter valued at $358,000. Adage Capital Partners GP L.L.C. increased its position in Guild by 2.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,173,520 shares of the company’s stock valued at $12,874,000 after acquiring an additional 26,510 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Guild by 8.2% in the first quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock valued at $3,508,000 after acquiring an additional 17,992 shares during the period. GoodHaven Capital Management LLC lifted its holdings in shares of Guild by 7.8% in the 3rd quarter. GoodHaven Capital Management LLC now owns 174,731 shares of the company’s stock worth $1,917,000 after acquiring an additional 12,634 shares during the last quarter. Finally, Donald Smith & CO. Inc. lifted its holdings in shares of Guild by 1.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 431,752 shares of the company’s stock worth $6,083,000 after acquiring an additional 5,800 shares during the last quarter. Hedge funds and other institutional investors 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.