Guild (NYSE:GHLD) Price Target Cut to $14.50 by Analysts at JPMorgan Chase & Co.

Guild (NYSE:GHLD) had its price objective reduced by JPMorgan Chase & Co. from $17.00 to $14.50 in a report issued on Thursday,Benzinga reports. They currently have an underweight rating on the stock.

Several other equities research analysts have also recently commented on GHLD. Wedbush reiterated an “outperform” rating and set a $20.00 price target on shares of Guild in a research report on Thursday. Wells Fargo & Company lowered their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Guild presently has an average rating of “Hold” and an average target price of $16.80.

Guild Price Performance

Shares of NYSE GHLD traded down $0.18 during trading on Thursday, reaching $14.32. The company had a trading volume of 24,158 shares, compared to its average volume of 12,770. Guild has a 52 week low of $9.59 and a 52 week high of $18.25. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.05 and a current ratio of 0.05. The business’s 50 day moving average price is $15.73 and its 200-day moving average price is $15.06. The stock has a market cap of $879.05 million, a PE ratio of 34.74, a PEG ratio of 0.26 and a beta of 1.07.

Guild (NYSE:GHLD) last released its earnings results on Thursday, August 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.24 by $0.21. The company had revenue of $285.69 million during the quarter, compared to analysts’ expectations of $257.97 million. Guild had a return on equity of 5.83% and a net margin of 3.28%. Analysts expect that Guild will post 1.49 earnings per share for the current year.

Hedge Funds Weigh In On Guild

Several institutional investors and hedge funds have recently made changes to their positions in GHLD. Renaissance Technologies LLC grew its stake in Guild by 8.2% in the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after acquiring an additional 2,100 shares during the period. Castleview Partners LLC acquired a new stake in shares of Guild during the third quarter worth $79,000. Donald Smith & CO. Inc. lifted its position in Guild by 2.1% in the 1st quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock valued at $6,503,000 after acquiring an additional 9,126 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in Guild during the 1st quarter worth about $149,000. Finally, Empowered Funds LLC raised its position 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 buying an additional 13,668 shares during the last quarter. Institutional investors and hedge funds own 17.52% of the company’s stock.

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.