UWM (NYSE:UWMC) Given New $6.50 Price Target at Morgan Stanley
Morgan Stanley has reduced its price target for UWM (NYSE:UWMC) from $0.50 to $0.50, maintaining an "equal weight" rating. This indicates a potential upside of 17.97% from the current price. Other analysts have varied opinions, with UBS setting a target of $0.75 and a "sell" rating, while Goldman Sachs and Barclays have adjusted their targets and ratings. Currently, UWM has a consensus rating of "Hold" with a target price of $0.28. The stock recently traded down 2.3% to $0.51.
UWM (NYSE:UWMC - Get Free Report) had its price target reduced by Morgan Stanley from $7.50 to $6.50 in a research note issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 17.97% from the stock's current price.
- 3 Mortgage Companies To Watch On Rising Home Sales
Other equities research analysts have also issued reports about the stock. UBS Group raised their price objective on shares of UWM from $4.50 to $4.75 and gave the company a "sell" rating in a report on Thursday, September 5th. The Goldman Sachs Group cut their price target on UWM from $8.50 to $7.50 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. Barclays raised UWM from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $6.00 to $8.00 in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods cut their target price on UWM from $9.00 to $7.00 and set a "market perform" rating on the stock in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.28.
Check Out Our Latest Stock Report on UWMC
UWM Stock Down 2.3 %
- 3 Mid-Cap Dividend Stocks Having Themselves a Year
Shares of UWM stock traded down $0.13 on Thursday, reaching $5.51. 1,853,540 shares of the company were exchanged, compared to its average volume of 2,055,841. The stock's 50 day moving average price is $6.46 and its 200-day moving average price is $7.53. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. UWM has a 1-year low of $5.44 and a 1-year high of $9.74. The company has a market cap of $8.81 billion, a P/E ratio of -23.96 and a beta of 1.65.
Hedge Funds Weigh In On UWM
A number of hedge funds and other institutional investors have recently made changes to their positions in UWMC. International Assets Investment Management LLC purchased a new position in shares of UWM in the 2nd quarter valued at approximately $52,000. Xponance Inc. purchased a new position in UWM in the 2nd quarter valued at $76,000. Intech Investment Management LLC purchased a new position in UWM during the 2nd quarter worth $85,000. Orion Portfolio Solutions LLC acquired a new stake in shares of UWM in the 3rd quarter worth $85,000. Finally, McAdam LLC lifted its stake in shares of UWM by 16.0% in the 2nd quarter. McAdam LLC now owns 12,721 shares of the company's stock worth $88,000 after acquiring an additional 1,758 shares during the period. Hedge funds and other institutional investors own 53.59% of the company's stock.
UWM Company Profile
(Get Free Report)UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers 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.
Read More
- Five stocks we like better than UWM
- Ride Out The Recession With These Dividend Kings
- Micron Stock Under $100: Seize the AI-Driven Upside
- What is the S&P/TSX Index?
- AI’s Next Big Winners: 3 Small-Cap Stocks to Watch in 2025
- EV Stocks and How to Profit from Them
- SolarEdge Stock Climbs Back: Goldman Sachs Sees 40% Upside
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ URGENT: This Altcoin Opportunity Won’t Wait – Act Now (From Crypto Swap Profits) (Ad)
Should you invest $1,000 in UWM right now?
Before you consider UWM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UWM wasn't on the list.
While UWM currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
