Trading Report: The Oppenheimer Holdings Inc. Reiterates $17.00 Price Target for Nationstar Mortgage Holdings Inc. (NSM)

The Oppenheimer Holdings Inc. Reiterates $17.00 Price Target for Nationstar Mortgage Holdings Inc. (NSM)

Nationstar Mortgage Holdings Inc. (NYSE:NSM) has been assigned a $17.00 price objective by equities researchers at Oppenheimer Holdings Inc. in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Oppenheimer Holdings Inc.’s price target suggests a potential upside of 0.06% from the stock’s current price.

NSM has been the topic of a number of other research reports. Nomura started coverage on shares of Nationstar Mortgage Holdings in a research report on Wednesday, October 26th. They issued a “buy” rating on the stock. Barclays PLC lifted their target price on shares of Nationstar Mortgage Holdings from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 4th. Zacks Investment Research upgraded shares of Nationstar Mortgage Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Keefe, Bruyette & Woods lifted their target price on shares of Nationstar Mortgage Holdings from $12.00 to $14.50 and gave the stock a “market perform” rating in a research report on Thursday, August 4th. Finally, Piper Jaffray Cos. started coverage on shares of Nationstar Mortgage Holdings in a research report on Friday, September 9th. They issued a “neutral” rating and a $15.50 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Nationstar Mortgage Holdings currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Nationstar Mortgage Holdings (NYSE:NSM) traded up 0.30% on Wednesday, reaching $16.99. The company’s stock had a trading volume of 169,963 shares. Nationstar Mortgage Holdings has a 12 month low of $8.29 and a 12 month high of $17.28. The stock’s 50 day moving average price is $15.56 and its 200 day moving average price is $13.99. The company’s market cap is $1.66 billion.

Nationstar Mortgage Holdings (NYSE:NSM) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. Nationstar Mortgage Holdings had a negative net margin of 5.80% and a positive return on equity of 10.50%. The company earned $542 million during the quarter, compared to the consensus estimate of $369.92 million. During the same period in the previous year, the firm posted $0.36 EPS. Equities research analysts forecast that Nationstar Mortgage Holdings will post $1.28 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD boosted its position in Nationstar Mortgage Holdings by 13.1% in the second quarter. BlackRock Group LTD now owns 55,582 shares of the company’s stock worth $626,000 after buying an additional 6,427 shares during the last quarter. BlackRock Advisors LLC boosted its position in Nationstar Mortgage Holdings by 20.4% in the second quarter. BlackRock Advisors LLC now owns 21,664 shares of the company’s stock worth $244,000 after buying an additional 3,667 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Nationstar Mortgage Holdings by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 147,119 shares of the company’s stock worth $1,657,000 after buying an additional 2,969 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Nationstar Mortgage Holdings by 2.8% in the second quarter. Oppenheimer & Co. Inc. now owns 11,100 shares of the company’s stock worth $125,000 after buying an additional 300 shares during the last quarter. Finally, Oxford Asset Management boosted its position in Nationstar Mortgage Holdings by 80.8% in the second quarter. Oxford Asset Management now owns 794,449 shares of the company’s stock worth $8,945,000 after buying an additional 355,013 shares during the last quarter.

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