Guild (NYSE:GHLD) Given New $14.50 Price Target at JPMorgan Chase & Co.

Guild (NYSE:GHLD) had its price target cut by equities research analysts at JPMorgan Chase & Co. from $17.00 to $14.50 in a research note issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 1.54% from the company’s previous close.

Several other brokerages have also recently weighed in on GHLD. Wells Fargo & Company dropped their target price on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday. Wedbush reissued an “outperform” rating and issued a $20.00 price objective on shares of Guild in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.80.

Guild Stock Up 2.0 %

NYSE GHLD traded up $0.28 during trading hours on Thursday, hitting $14.28. The company’s stock had a trading volume of 18,906 shares, compared to its average volume of 12,668. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.76. The company’s 50-day simple moving average is $15.78 and its two-hundred day simple moving average is $15.07. Guild has a 52 week low of $9.59 and a 52 week high of $18.25. The company has a market capitalization of $876.59 million, a PE ratio of 34.43, a price-to-earnings-growth ratio of 0.26 and a beta of 1.07.

Guild (NYSE:GHLD) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.45 EPS for the quarter, beating 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 company had revenue of $285.69 million for the quarter, compared to analysts’ expectations of $257.97 million. Research analysts anticipate that Guild will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Guild

Several large investors have recently bought and sold shares of GHLD. Bridges Investment Management Inc. acquired a new stake in Guild in the 2nd quarter valued at about $10,497,000. Donald Smith & CO. Inc. boosted its holdings in Guild by 2.1% in the 1st 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 raised its position in shares of Guild by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after buying an additional 13,668 shares during the period. Renaissance Technologies LLC boosted its position 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 purchasing an additional 2,100 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Guild in the 1st quarter valued at $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.