Wedbush Begins Coverage on WMIH (NASDAQ:WMIH)
Analysts at Wedbush began coverage on shares of WMIH (NASDAQ:WMIH) in a research note issued on Thursday, August 23rd, MarketBeat.com reports. The firm set an “outperform” rating and a $1.90 price target on the financial services provider’s stock. Wedbush’s price objective points to a potential upside of 26.67% from the company’s previous close.
WMIH has been the subject of several other reports. BidaskClub cut WMIH from a “sell” rating to a “strong sell” rating in a research report on Friday, July 20th. Credit Suisse Group assumed coverage on WMIH in a research report on Tuesday, July 31st. They issued an “outperform” rating and a $1.85 price objective for the company. Barclays reaffirmed a “sell” rating and issued a $1.50 price objective on shares of WMIH in a research report on Wednesday, August 1st. Finally, Keefe, Bruyette & Woods started coverage on WMIH in a research note on Tuesday, July 31st. They set an “outperform” rating and a $1.80 target price on the stock. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. WMIH currently has a consensus rating of “Hold” and a consensus target price of $1.66.
NASDAQ WMIH traded down $0.02 during trading hours on Thursday, hitting $1.50. 2,065,766 shares of the company traded hands, compared to its average volume of 4,993,851. WMIH has a twelve month low of $0.60 and a twelve month high of $1.67.
WMIH Corp., through its subsidiary, WM Mortgage Reinsurance Company, Inc, engages in legacy reinsurance business with respect to mortgage insurance operated in runoff mode. The company was formerly known as WMI Holdings Corp. and changed its name to WMIH Corp. in May 2015. WMIH Corp. was founded in 1889 and is headquartered in Seattle, Washington.
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