Guild (NYSE:GHLD) Price Target Cut to $14.50 by Analysts at JPMorgan Chase & Co.

Guild (NYSE:GHLD) had its price objective reduced by research analysts at JPMorgan Chase & Co. from $17.00 to $14.50 in a research report issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 1.54% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Wells Fargo & Company reduced their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday. Wedbush reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Guild in a report on Thursday. 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. Based on data from MarketBeat.com, Guild has an average rating of “Hold” and an average target price of $16.80.

Guild Trading Up 2.0 %

NYSE:GHLD traded up $0.28 on Thursday, reaching $14.28. The stock had a trading volume of 18,906 shares, compared to its average volume of 12,668. The firm’s fifty day moving average is $15.78 and its two-hundred day moving average is $15.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.05 and a quick ratio of 0.05. Guild has a 12-month low of $9.59 and a 12-month high of $18.25. The company has a market cap of $876.59 million, a price-to-earnings ratio of 34.43, a P/E/G ratio of 0.26 and a beta of 1.07.

Guild (NYSE:GHLD) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.21. Guild had a return on equity of 5.83% and a net margin of 3.28%. The business had revenue of $285.69 million for the quarter, compared to analyst estimates of $257.97 million. Equities analysts expect that Guild will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Guild

A number of institutional investors and hedge funds have recently modified their holdings of GHLD. Castleview Partners LLC purchased a new stake in shares of Guild during the third quarter valued at $79,000. O Shaughnessy Asset Management LLC acquired a new stake in Guild during the 1st quarter valued at $149,000. Renaissance Technologies LLC boosted its position in shares of Guild by 8.2% in the second 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. Empowered Funds LLC raised its position in Guild by 8.2% during the first quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock valued at $3,508,000 after buying an additional 17,992 shares during the period. Finally, Donald Smith & CO. Inc. grew its stake in Guild by 2.1% during the 1st quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock valued at $6,503,000 after acquiring an additional 9,126 shares in the last quarter. Institutional investors and hedge funds 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.