JPMorgan Chase & Co. Issues Pessimistic Forecast for Guild (NYSE:GHLD) Stock Price

Guild (NYSE:GHLD) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $17.00 to $14.50 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock.

Several other research firms have also issued reports on GHLD. Wedbush reissued an “outperform” rating and set a $20.00 target price on shares of Guild in a research note on Thursday. Wells Fargo & Company reduced their price target on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.80.

Guild Price Performance

GHLD stock opened at $14.50 on Thursday. Guild has a 52-week low of $9.59 and a 52-week high of $18.25. The business has a fifty day moving average of $15.71 and a two-hundred day moving average of $15.06. The stock has a market cap of $890.16 million, a price-to-earnings ratio of -9.24, a price-to-earnings-growth ratio of 0.25 and a beta of 1.07. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.76.

Guild (NYSE:GHLD) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.21. The firm had revenue of $285.69 million for the quarter, compared to analyst estimates of $257.97 million. Guild had a negative net margin of 12.78% and a positive return on equity of 6.15%. As a group, research analysts anticipate that Guild will post 1.49 earnings per share for the current year.

Institutional Trading of Guild

Several hedge funds have recently added to or reduced their stakes in the company. Bridges Investment Management Inc. purchased a new stake in Guild during the second quarter worth approximately $10,497,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Guild during the 1st quarter worth approximately $149,000. Castleview Partners LLC acquired a new position in shares of Guild in the 3rd quarter valued at $79,000. Renaissance Technologies LLC grew its position in shares of 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 buying an additional 2,100 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Guild by 8.2% during the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock worth $3,508,000 after acquiring an additional 17,992 shares in 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.