Keefe, Bruyette & Woods Upgrades UWM (NYSE:UWMC) to "Outperform"

UWM (NYSE:UWMC - Get Free Report) was upgraded by equities research analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating in a report released on Monday, MarketBeat reports. The firm presently has a $7.50 price target on the stock, up from their previous price target of $6.50. Keefe, Bruyette & Woods' price target points to a potential upside of 20.48% from the company's previous close.

A number of other analysts also recently weighed in on UWMC. Morgan Stanley cut their price target on shares of UWM from $7.50 to $6.50 and set an "equal weight" rating for the company in a report on Thursday, December 19th. The Goldman Sachs Group lowered their price objective on shares of UWM from $8.50 to $7.50 and set a "neutral" rating for the company in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, UWM presently has an average rating of "Hold" and a consensus target price of $7.25.

UWM Price Performance

UWM stock traded down $0.22 during mid-day trading on Monday, reaching $6.23. 3,208,577 shares of the company were exchanged, compared to its average volume of 3,492,640. The firm has a market cap of $9.95 billion, a PE ratio of -27.07 and a beta of 1.64. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. The company has a fifty day simple moving average of $6.12 and a 200-day simple moving average of $6.92. UWM has a 12 month low of $5.31 and a 12 month high of $9.74.

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UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The company had revenue of $560.21 million during the quarter, compared to the consensus estimate of $645.75 million. As a group, equities research analysts expect that UWM will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UWM

Several hedge funds have recently modified their holdings of the company. Townsquare Capital LLC acquired a new position in UWM in the 4th quarter worth about $72,000. Sanctuary Advisors LLC acquired a new position in shares of UWM in the fourth quarter valued at approximately $77,000. HB Wealth Management LLC raised its holdings in UWM by 23.0% in the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock valued at $82,000 after buying an additional 2,631 shares during the last quarter. Sei Investments Co. bought a new position in UWM in the 4th quarter valued at approximately $82,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in UWM during the 3rd quarter worth approximately $85,000. Institutional investors and hedge funds own 53.59% of the company's stock.

UWM Company Profile

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.