Guild (NYSE:GHLD - Free Report) had its target price decreased by JPMorgan Chase & Co. from $13.00 to $11.50 in a research report report published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.
A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company lowered 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, November 7th. Wedbush reiterated an "outperform" rating and set a $20.00 price objective on shares of Guild in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Guild currently has a consensus rating of "Hold" and an average target price of $16.20.
View Our Latest Report on Guild
Guild Stock Down 0.9 %
Shares of Guild stock traded down $0.11 on Tuesday, hitting $12.69. The company had a trading volume of 8,263 shares, compared to its average volume of 10,833. Guild has a twelve month low of $11.21 and a twelve month high of $18.25. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a 50-day moving average of $13.76 and a 200-day moving average of $14.84. The firm has a market capitalization of $785.33 million, a P/E ratio of -8.19, a P/E/G ratio of 0.32 and a beta of 1.00.
Hedge Funds Weigh In On Guild
Large investors have recently modified their holdings of the business. Bridges Investment Management Inc. acquired a new position in Guild during the second quarter worth $10,497,000. Basswood Capital Management L.L.C. grew its position in shares of 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 period. Empowered Funds LLC increased its stake in shares of Guild by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company's stock worth $4,488,000 after purchasing an additional 13,668 shares during the last quarter. Castleview Partners LLC bought a new stake in shares of Guild in the 3rd quarter valued at about $79,000. Finally, Renaissance Technologies LLC lifted its stake in Guild by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company's stock valued at $410,000 after purchasing an additional 2,100 shares during the last quarter. 17.52% of the stock is currently owned by institutional investors and hedge funds.
About Guild
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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.
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