Guild (NYSE:GHLD) Upgraded by Zacks Research to Strong-Buy Rating

Key Points

• Zacks Research has upgraded Guild (NYSE:GHLD) from a "hold" rating to a "strong-buy" rating, indicating positive sentiment among investment analysts.
• JPMorgan Chase & Co. has raised their target price for Guild from $12.50 to $20.00 while maintaining a "neutral" rating.
• The stock's current trading price is $19.95, with a market cap of $1.24 billion and a P/E ratio of 51.14, reflecting significant investor interest.

Guild (NYSE:GHLD - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

Several other brokerages also recently commented on GHLD. JPMorgan Chase & Co. raised their target price on Guild from $12.50 to $20.00 and gave the company a "neutral" rating in a report on Friday, July 11th. BTIG Research reissued a "neutral" rating on shares of Guild in a research report on Thursday, August 21st. Jefferies Financial Group lowered Guild from a "buy" rating to a "hold" rating and upped their price objective for the company from $16.00 to $20.00 in a research note on Tuesday, July 22nd. JMP Securities reaffirmed a "market perform" rating on shares of Guild in a report on Friday, June 20th. Finally, Compass Point cut shares of Guild from a "strong-buy" rating to a "hold" rating and upped their price objective for the company from $19.00 to $20.00 in a research report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, Guild has a consensus rating of "Hold" and an average price target of $18.42.

Guild Stock Performance

NYSE GHLD traded up $0.01 on Tuesday, reaching $19.95. The stock had a trading volume of 1,152 shares, compared to its average volume of 41,888. Guild has a 12-month low of $11.21 and a 12-month high of $23.57. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.05 and a current ratio of 0.05. The business's 50-day moving average price is $19.94 and its 200 day moving average price is $17.14. The stock has a market cap of $1.24 billion, a P/E ratio of 51.14, a price-to-earnings-growth ratio of 1.05 and a beta of 0.93.

Institutional Trading of Guild

Institutional investors and hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new position in shares of Guild during the 2nd quarter worth about $65,000. Millennium Management LLC boosted its holdings in Guild by 18.6% during the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company's stock worth $218,000 after buying an additional 2,421 shares in the last quarter. SG Americas Securities LLC purchased a new position in Guild during the second quarter valued at $482,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Guild in the second quarter valued at about $876,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of Guild during the second quarter valued at about $1,020,000. 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.

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