Nationstar Mortgage Holdings Inc (NSM) is Reiterated by FBR Capital to Mkt Perform, Lowers Price Target to $ 10

Nationstar Mortgage Holdings Inc (NSM) was Reiterated by FBR Capital to “Mkt Perform” while Lowering the Price Target of the company shares to $ 10 from a previous price target of $15 . FBR Capital advised their investors in a research report released on May 3, 2016.

Many Wall Street Analysts have commented on Nationstar Mortgage Holdings Inc. Shares were Reiterated by FBR Capital on Feb 26, 2016 to “Mkt Perform” and Lowered the Price Target to $ 15 from a previous price target of $19 .

On the company’s financial health, Nationstar Mortgage Holdings Inc reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.29. The company had revenue of $587.70 million for the quarter, compared to analysts expectations of $534.41 million. The company’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Nationstar Mortgage Holdings Inc closed down -0.06 points or -0.52% at $11.53 with 4,88,046 shares getting traded on Monday. Post opening the session at $11.61, the shares hit an intraday low of $11.24 and an intraday high of $11.74 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Nov 12, 2015, Robert H Gidel (director) sold 3,500 shares at $14.89 per share price. According to the SEC, on Mar 18, 2015, Brett Hawkins (director) sold 3,500 shares at $30.10 per share price.

Nationstar Mortgage Holdings Inc. (Nationstar) is a real estate services company engaged in delivery of servicing origination and transaction-based services to single-family residences throughout the United States. Its segments are: Servicing Originations and Solutionstar. The Company provides residential mortgage servicers in the United States conducting operations through its Nationstar Mortgage and Champion Mortgage brands. Solutionstar is the Company’s technology and services segment which provides technology and data solutions to homebuyers home sellers real estate agents and companies that engage in the origination and servicing of loans. It caters to homeowners homebuyers and home sellers.

Nationstar Mortgage Holdings Inc

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