Guild Holdings (NYSE:GHLD) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Guild Holdings (NYSE:GHLD) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $16.67.

Several brokerages have recently commented on GHLD. JPMorgan Chase & Co. reduced their target price on Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Compass Point lifted their price objective on shares of Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Wedbush reissued an “outperform” rating and issued a $20.00 price objective on shares of Guild in a research report on Thursday, November 7th. Finally, Wells Fargo & Company reduced their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th.

Guild Price Performance

NYSE:GHLD opened at $12.62 on Friday. The stock has a market capitalization of $780.80 million, a PE ratio of -8.14, a P/E/G ratio of 0.26 and a beta of 0.98. Guild has a 1-year low of $11.21 and a 1-year high of $18.25. The firm has a fifty day simple moving average of $13.17 and a 200 day simple moving average of $14.56. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92.

Hedge Funds Weigh In On Guild

A number of institutional investors have recently modified their holdings of GHLD. Geode Capital Management LLC boosted its position in Guild by 2.0% in the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after buying an additional 1,901 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Guild by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after acquiring an additional 13,668 shares during the last quarter. Castleview Partners LLC acquired a new stake in shares of Guild during the 3rd quarter valued at $79,000. Basswood Capital Management L.L.C. grew its position in Guild by 11.9% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock worth $10,875,000 after acquiring an additional 69,603 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Guild by 8.3% in the 4th quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock worth $316,000 after purchasing an additional 1,709 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.