Guild Holdings (NYSE:GHLD) Receives $16.20 Average Price Target from Analysts

Shares of Guild Holdings (NYSE:GHLD) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.67.

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

Guild Price Performance

GHLD opened at $12.36 on Tuesday. The company has a 50-day moving average of $13.51 and a 200-day moving average of $14.74. Guild has a 1-year low of $11.21 and a 1-year high of $18.25. The company has a market capitalization of $764.96 million, a P/E ratio of -7.97, a PEG ratio of 0.26 and a beta of 1.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06.

Institutional Trading of Guild

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of Guild by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after buying an additional 1,901 shares in the last quarter. Basswood Capital Management L.L.C. raised its position in Guild by 11.9% in the third 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 in the last quarter. Empowered Funds LLC raised its position in Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after acquiring an additional 13,668 shares in the last quarter. Castleview Partners LLC acquired a new stake in Guild in the 3rd quarter valued at about $79,000. Finally, Renaissance Technologies LLC boosted its position in shares of Guild by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after purchasing an additional 2,100 shares in the last quarter. 17.52% of the stock is currently owned by institutional investors.

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.