Analyst Rating Flashback: Walter Investment Management Up 10.4% Since Downgraded 7 Days Ago (WAC)

Published on Fri, 01/11/2013 - 10:07
By Robert Cotter in Analyst reflections, WAC, amex:wac, analyst reflections, walter investment management

A week ago, Sterne Agee downgraded Walter Investment Management from Buy to Neutral. The shares closed at $46.60, or 10.4% over the $42.21 price of one week ago.

Potential upside of 6.7% exists for Walter Investment Management, based on a current level of $46.21 and analysts' average consensus price target of $49.29. The stock should find initial support at its 50-day moving average (MA) of $42.90 and further support at its 200-day MA of $30.65.

Walter Investment Management Corporation is a mortgage real estate investment trust. The Company is focused on the purchase and securitization of single family mortgage loan pools and subordinate mortgage-backed securities purchased in bulk directly from financial institutions.

In the past 52 weeks, Walter Investment Management share prices have been bracketed by a low of $17.87 and a high of $49.67 and are now at $46.21, 159% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.6% while the 50-day MA has advanced 1.0%.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Quiksilver: New 52-Week Low Set Today (Z...

Quiksilver (NYSE:ZQK) traded at a new 52-week low today of $3.08. So far today approxi ...

Xerox: The Winning Streak Continues (XRX...

Xerox (NYSE:XRX) traded at a new 52-week high today of $13.38. This new high was reach ...

Watch for Continued Losses in Shares of ...

Titan International (NYSE:TWI) traded today at a new 52-week low of $13.93. Approximat ...

Take-Two Interactive Software: The Winni...

Take-Two Interactive Software (NASDAQ:TTWO) traded at a new 52-week high today of $23.6 ...

Glacier Bancorp Shares Sinking Lower, Do...

One of today's stocks on the move is Glacier Bancorp (NASDAQ:GBCI), down 1.7% to $26.56 ...

Shares of TeleNav Fall Below Previous 52...

TeleNav (NASDAQ:TNAV) traded at a new 52-week low today of $5.03. Approximately 85,000 ...

Tempur-Pedic International Makes a Move:...

Tempur-Pedic International (NYSE:TPX), a company whose shares are moving quickly, is tr ...

Recent 52-Week Low Surpassed in Shares o...

Shares of Theravance (NASDAQ:THRX) traded today at $22.01, breaking its 52-week low. A ...