Nationstar Receives a Hold from Barclays

By Carrie Williams

Barclays analyst Jeremy Campbell reiterated a Hold rating on Nationstar (NYSE: NSM) today and set a price target of $15. The company’s shares opened today at $15.16.

Campbell noted:

“We expect a robust pipeline of MSR deals over the foreseeable future, and we think NSM can collaborate with several different partners (most notably NRZ) to increase subservicing UPB since NSM shows no signs of capacity constraints.”

According to, Campbell is a 1-star analyst with an average return of -5.9% and a 25.0% success rate. Campbell covers the Financial sector, focusing on stocks such as Fidelity National Financial, First American Corp., and New Residential Inv.

Nationstar has an analyst consensus of Moderate Buy, with a price target consensus of $16.

The company has a one year high of $16.60 and a one year low of $8.29. Currently, Nationstar has an average volume of 454.7K.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2015, Brett Hawkins, a Director at NSM sold 3,500 shares for a total of $105,350.

Nationstar Mortgage Holdings, Inc. is a non-bank residential mortgage service provider. It operates through the following segments: Servicing, Originations, and Xome. The Servicing segment involves loan administration, payment processing, mortgage escrow account administration, collection of insurance premiums, response to homeowner inquiries, loss mitigation solutions including loan modifications and supervision of foreclosures, and property dispositions on behalf of the owners of the loans. The Originations segment markets mortgage products to existing servicing customers and customers of homebuilders as well as participate in the correspondent market. The Xome segment offers residential real estate services to residential real estate transaction to both consumers and real estate professionals (including brokers and agents) through service offerings. The company was founded on May 9, 2011 and is headquartered in Coppell, TX.