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

Guild (NYSE:GHLD) had its target price lowered by JPMorgan Chase & Co. from $13.00 to $11.50 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Other research analysts also recently issued reports about the company. Wedbush reaffirmed an “outperform” rating and set a $20.00 price target on shares of Guild in a report on Thursday, November 7th. Wells Fargo & Company dropped their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Guild has a consensus rating of “Hold” and a consensus price target of $16.20.

Guild Stock Performance

Shares of GHLD stock opened at $12.69 on Tuesday. The company’s 50-day moving average is $13.73 and its 200 day moving average is $14.82. The company has a market capitalization of $785.33 million, a price-to-earnings ratio of -8.19, a price-to-earnings-growth ratio of 0.32 and a beta of 1.00. Guild has a one year low of $11.21 and a one year high of $18.25. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06.

Hedge Funds Weigh In On Guild

A number of hedge funds have recently modified their holdings of the company. Castleview Partners LLC bought a new position in shares of Guild in the third quarter worth about $79,000. Renaissance Technologies LLC lifted its holdings in shares of Guild by 8.2% in the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after buying an additional 2,100 shares in the last quarter. Geode Capital Management LLC grew its stake in Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after acquiring an additional 1,901 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Guild by 5.3% in the third 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. Finally, Bridges Investment Management Inc. purchased a new stake in shares of Guild during the 2nd quarter worth approximately $10,497,000. 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.