JPMorgan Chase & Co. Increases Guild (NYSE:GHLD) Price Target to $17.00

Guild (NYSE:GHLDGet Free Report) had its price target upped by stock analysts at JPMorgan Chase & Co. from $16.00 to $17.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 5.46% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Guild from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. JMP Securities increased their price target on shares of Guild from $14.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, June 28th. Finally, Wedbush increased their price target on shares of Guild from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.50.

View Our Latest Research Report on GHLD

Guild Stock Performance

Shares of Guild stock opened at $16.12 on Monday. The firm has a market capitalization of $988.87 million, a P/E ratio of 38.38, a PEG ratio of 0.31 and a beta of 1.04. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average price of $16.06 and a 200 day moving average price of $15.00. Guild has a 52 week low of $9.59 and a 52 week high of $18.25.

Guild (NYSE:GHLDGet Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.24 by $0.21. The firm had revenue of $285.69 million during the quarter, compared to analyst estimates of $257.97 million. Guild had a net margin of 3.28% and a return on equity of 5.83%. Sell-side analysts expect that Guild will post 1.42 EPS for the current year.

Institutional Investors Weigh In On Guild

A number of institutional investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC purchased a new position in Guild in the 1st quarter valued at $149,000. Renaissance Technologies LLC lifted its holdings 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 in the last quarter. Empowered Funds LLC lifted its holdings in Guild by 8.2% in the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock valued at $3,508,000 after purchasing an additional 17,992 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings 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 purchasing an additional 9,126 shares in the last quarter. Finally, Bridges Investment Management Inc. purchased a new position in Guild in the 2nd quarter valued at $10,497,000. Institutional investors and hedge funds own 17.52% of the company’s stock.

Guild Company Profile

(Get Free Report)

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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