Wells Fargo & Company Cuts Guild (NYSE:GHLD) Price Target to $15.00

Guild (NYSE:GHLD) had its price objective lowered by equities research analysts at Wells Fargo & Company from $17.00 to $15.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 6.46% from the stock’s previous close.

GHLD has been the topic of a number of other reports. Wedbush lifted their price objective on Guild from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. boosted their price target on shares of Guild from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Monday, October 7th. One research 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.10.

Guild Trading Up 0.6 %

Shares of NYSE:GHLD traded up $0.09 during mid-day trading on Thursday, reaching $14.09. 4,908 shares of the company’s stock were exchanged, compared to its average volume of 12,602. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.05 and a current ratio of 0.05. Guild has a twelve month low of $9.59 and a twelve month high of $18.25. The firm has a market capitalization of $864.93 million, a price-to-earnings ratio of 33.33, a PEG ratio of 0.26 and a beta of 1.07. The business’s fifty day moving average price is $15.78 and its 200-day moving average price is $15.07.

Guild (NYSE:GHLD) last announced its earnings results on Thursday, August 8th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.24 by $0.21. The firm had revenue of $285.69 million for the quarter, compared to the consensus estimate of $257.97 million. Guild had a return on equity of 5.83% and a net margin of 3.28%. On average, research analysts predict that Guild will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Guild

A number of hedge funds have recently added to or reduced their stakes in GHLD. Renaissance Technologies LLC grew its position in shares of Guild by 8.2% during 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. Castleview Partners LLC bought a new position in Guild during the third quarter worth $79,000. Donald Smith & CO. Inc. grew its holdings in Guild by 2.1% in the first quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock worth $6,503,000 after purchasing an additional 9,126 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in Guild in the first quarter valued at $149,000. Finally, Empowered Funds LLC increased its stake in Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after purchasing an additional 13,668 shares in the last quarter. 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.