Keefe, Bruyette & Woods Issues Pessimistic Forecast for UWM (NYSE:UWMC) Stock Price

UWM (NYSE:UWMC) had its target price decreased by equities research analysts at Keefe, Bruyette & Woods from $7.00 to $6.50 in a report issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 12.65% from the company’s current price.

A number of other equities analysts have also weighed in on the company. The Goldman Sachs Group dropped their price objective on UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Morgan Stanley dropped their target price on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a research report on Thursday, December 19th. UBS Group lifted their price target on shares of UWM from $4.50 to $4.75 and gave the company a “sell” rating in a report on Thursday, September 5th. Finally, Barclays upgraded UWM from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $6.00 to $8.00 in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.22.

UWM Stock Performance

Shares of NYSE UWMC opened at $5.77 on Friday. The stock has a market cap of $9.22 billion, a PE ratio of -25.09 and a beta of 1.65. UWM has a 1 year low of $5.44 and a 1 year high of $9.74. The firm has a fifty day moving average price of $6.14 and a 200-day moving average price of $7.40. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40.

Institutional Investors Weigh In On UWM

Several large investors have recently added to or reduced their stakes in UWMC. Orion Portfolio Solutions LLC bought a new position in UWM during the 3rd quarter worth about $85,000. Xponance Inc. purchased a new position in UWM during the second quarter valued at approximately $76,000. Intech Investment Management LLC purchased a new stake in UWM during the second quarter worth $85,000. Quantinno Capital Management LP bought a new stake in UWM during the 3rd quarter valued at $106,000. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of UWM in the 2nd quarter valued at $93,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

About UWM

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.