Guild (NYSE:GHLD) Given New $11.50 Price Target at JPMorgan Chase & Co.

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

A number of other research firms have also commented on GHLD. Wedbush restated an “outperform” rating and issued a $20.00 price objective on shares of Guild in a research report on Thursday, November 7th. Wells Fargo & Company decreased their price target 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 investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.20.

Guild Stock Performance

NYSE:GHLD opened at $12.69 on Tuesday. Guild has a 52-week low of $11.21 and a 52-week high of $18.25. The business’s fifty day moving average is $13.73 and its 200 day moving average is $14.82. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market cap of $785.33 million, a price-to-earnings ratio of -8.19, a PEG ratio of 0.32 and a beta of 1.00.

Institutional Trading of Guild

Several large investors have recently added to or reduced their stakes in GHLD. Bridges Investment Management Inc. purchased a new position in shares of Guild during the second quarter valued at about $10,497,000. Basswood Capital Management L.L.C. boosted its position in shares of Guild by 11.9% during the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after purchasing an additional 69,603 shares in the last quarter. Empowered Funds LLC grew its stake in 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 period. Geode Capital Management LLC lifted its position 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 buying an additional 1,901 shares during the period. Finally, 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 worth $410,000 after buying an additional 2,100 shares during the period. Institutional investors own 17.52% of the company’s stock.

About Guild

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.