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

Guild (NYSE:GHLD) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $13.00 to $11.50 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 8.95% from the company’s current price.

Several other analysts have also commented on GHLD. Wedbush reaffirmed an “outperform” rating and set a $20.00 price target on shares of Guild in a research report on Thursday, November 7th. Wells Fargo & Company reduced their target price on Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Guild presently has a consensus rating of “Hold” and an average price target of $16.20.

Guild Trading Down 1.3 %

Guild stock traded down $0.17 during midday trading on Tuesday, hitting $12.63. 5,461 shares of the stock were exchanged, compared to its average volume of 10,387. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. The stock’s 50-day simple moving average is $13.76 and its 200 day simple moving average is $14.84. Guild has a fifty-two week low of $11.21 and a fifty-two week high of $18.25. The stock has a market capitalization of $781.62 million, a price-to-earnings ratio of -8.15, a PEG ratio of 0.32 and a beta of 1.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings 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 period. Bridges Investment Management Inc. purchased a new stake in Guild during the second quarter worth about $10,497,000. Castleview Partners LLC purchased a new stake in Guild during the third quarter worth about $79,000. Empowered Funds LLC lifted its position in shares of Guild by 5.3% during 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 in the last quarter. Finally, Basswood Capital Management L.L.C. boosted its stake in shares of Guild by 11.9% in 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 during the period. 17.52% of the stock is currently owned by institutional investors and hedge funds.

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.