UWM (NYSE:UWMC – Get Rating) was upgraded by equities research analysts at Keefe, Bruyette & Woods from an “underperform” rating to a “market perform” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a $4.00 price target on the stock, up from their previous price target of $3.50. Keefe, Bruyette & Woods’ price objective points to a potential downside of 17.01% from the company’s previous close.
Other research analysts have also issued research reports about the company. UBS Group set a $4.00 price target on UWM in a research report on Wednesday, November 23rd. Barclays raised their price objective on shares of UWM from $2.50 to $3.00 in a research note on Monday, January 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $3.91.
UWM Trading Up 0.4 %
UWMC opened at $4.82 on Thursday. The firm has a market cap of $446.24 million, a P/E ratio of 11.76 and a beta of 1.43. UWM has a 12 month low of $2.84 and a 12 month high of $5.03. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $4.13 and a 200 day moving average of $3.86.
Institutional Trading of UWM
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.
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