JPMorgan Chase & Co. Has Lowered Expectations for Guild (NYSE:GHLD) Stock Price

Guild (NYSE:GHLD) had its price target cut by JPMorgan Chase & Co. from $17.00 to $14.50 in a research note released on Thursday morning,Benzinga reports. They currently have an underweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Wedbush restated an “outperform” rating and set a $20.00 price objective on shares of Guild in a research note on Thursday. Wells Fargo & Company cut their price objective on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Guild presently has a consensus rating of “Hold” and an average target price of $16.80.

Guild Stock Performance

Shares of GHLD opened at $14.50 on Thursday. Guild has a 1 year low of $9.59 and a 1 year high of $18.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a fifty day moving average of $15.71 and a 200-day moving average of $15.08.

Guild (NYSE:GHLD) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.21. Guild had a negative net margin of 12.78% and a positive return on equity of 6.15%. The company had revenue of $285.69 million during the quarter, compared to the consensus estimate of $257.97 million. Equities analysts forecast that Guild will post 1.49 earnings per share for the current year.

Institutional Investors Weigh In On Guild

Several hedge funds and other institutional investors have recently bought and sold shares of GHLD. Bridges Investment Management Inc. bought a new stake in Guild in the second quarter worth about $10,497,000. Empowered Funds LLC raised its holdings in Guild by 8.2% during the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock worth $3,508,000 after buying an additional 17,992 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in Guild during the 1st quarter worth about $149,000. Donald Smith & CO. Inc. raised its holdings in Guild by 2.1% during the 1st quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock worth $6,503,000 after buying an additional 9,126 shares during the period. Finally, Castleview Partners LLC acquired a new stake in Guild during the 3rd quarter worth about $79,000. 17.52% of the stock is currently owned by 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.