Guild (NYSE:GHLD) Price Target Cut to $11.50 by Analysts at JPMorgan Chase & Co.

Guild (NYSE:GHLD) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $13.00 to $11.50 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 8.95% from the company’s current price.

GHLD has been the topic of a number of other reports. Wedbush restated an “outperform” rating and set a $20.00 target price on shares of Guild in a research report on Thursday, November 7th. Wells Fargo & Company cut their price objective on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.20.

Guild Stock Performance

Shares of NYSE GHLD traded down $0.17 during midday trading on Tuesday, reaching $12.63. 5,461 shares of the stock were exchanged, compared to its average volume of 10,387. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92. The firm has a 50-day simple moving average of $13.76 and a two-hundred day simple moving average of $14.84. Guild has a twelve month low of $11.21 and a twelve month high of $18.25. The firm has a market cap of $781.62 million, a price-to-earnings ratio of -8.15, a PEG ratio of 0.32 and a beta of 1.00.

Institutional Trading of Guild

Large investors have recently made changes to their positions in the company. Castleview Partners LLC purchased a new position in Guild in the 3rd quarter valued at $79,000. Renaissance Technologies LLC boosted its position in Guild by 8.2% during the second 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 last quarter. Geode Capital Management LLC boosted its position in Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after acquiring an additional 1,901 shares during the last quarter. Empowered Funds LLC raised its holdings in Guild by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after acquiring an additional 13,668 shares during the last quarter. Finally, Basswood Capital Management L.L.C. raised its holdings in Guild by 11.9% in 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 acquiring an additional 69,603 shares during the last quarter. 17.52% of the stock is currently owned by hedge funds and other 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.