Guild (NYSE:GHLD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Guild (NYSE:GHLD - Get Free Report) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $12.50 to $20.00 in a report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 0.96% from the stock's current price.

Other research analysts have also recently issued research reports about the company. JMP Securities restated a "market perform" rating on shares of Guild in a research report on Friday, June 20th. Compass Point cut Guild from a "strong-buy" rating to a "hold" rating and lifted their price objective for the stock from $19.00 to $20.00 in a research report on Wednesday, June 18th. Citigroup reiterated an "outperform" rating on shares of Guild in a research report on Tuesday, May 27th. Wall Street Zen upgraded Guild to a "hold" rating in a research report on Thursday, May 22nd. Finally, Citizens Jmp cut Guild from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 19th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $18.10.

Guild Stock Performance

NYSE:GHLD remained flat at $19.81 during mid-day trading on Friday. 4,391 shares of the company were exchanged, compared to its average volume of 23,945. The firm's fifty day moving average price is $15.78 and its 200 day moving average price is $14.09. Guild has a 1 year low of $11.21 and a 1 year high of $20.15. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 1.12 and a beta of 0.94. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.03.

Institutional Trading of Guild

Several institutional investors have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. increased its holdings in shares of Guild by 0.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company's stock worth $4,864,000 after acquiring an additional 1,535 shares during the period. Northern Trust Corp grew its stake in shares of 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 during the last quarter. Millennium Management LLC grew its stake in shares of Guild by 18.6% in the 4th quarter. Millennium Management LLC now owns 15,441 shares of the company's stock worth $218,000 after purchasing an additional 2,421 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of Guild by 57.5% in the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock worth $237,000 after purchasing an additional 6,134 shares during the last quarter. Finally, Basswood Capital Management L.L.C. grew its stake in shares of Guild by 3.2% in the 4th quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company's stock worth $9,521,000 after purchasing an additional 20,848 shares during the last quarter. 17.52% of the stock is owned by institutional investors and hedge funds.

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.

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