Market Analysts see New Residential Investment Corp. [NRZ] gaining to $13. Time to buy?


New Residential Investment Corp. [NYSE: NRZ] loss -2.80% on the last trading session, reaching $10.08 price per share at the time. The company report on April 26, 2022 that Newrez Introduces New Chief Digital Officer.

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Newrez LLC (“Newrez”, the “Company”), a national mortgage lending and servicing organization, announced today it has welcomed Neenu Kainth as Chief Digital Officer.

Ms. Kainth steps into her new role with more than 20 years of proven experience driving digital transformations at Fortune 500 companies. She possesses a keen expertise in building customer solutions through technology and product management, positioning her for success in driving digital innovation, strategy, and execution for the Company as Chief Digital Officer. With a design-centered focus and agile development methodology, Ms. Kainth will drive digital adoption in her new role to improve the customer experience, optimize cost structures for the loan servicing business and increase customer retention for the origination channels.

New Residential Investment Corp. represents 466.85 million in outstanding shares, while the company has a total market value of $4.86 billion with the latest information. NRZ stock price has been found in the range of $10.08 to $10.43.

If compared to the average trading volume of 5.41M shares, NRZ reached a trading volume of 6050083 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about New Residential Investment Corp. [NRZ]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NRZ shares is $12.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NRZ stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for New Residential Investment Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 30, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $12 to $13. The new note on the price target was released on August 30, 2021, representing the official price target for New Residential Investment Corp. stock. Previously, the target price had yet another raise to $12, while RBC Capital Mkts analysts kept a Outperform rating on NRZ stock.

The Average True Range (ATR) for New Residential Investment Corp. is set at 0.27, with the Price to Sales ratio for NRZ stock in the period of the last 12 months amounting to 1.38. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 2.76. Price to Free Cash Flow for NRZ in the course of the last twelve months was 1.94.

Trading performance analysis for NRZ stock

New Residential Investment Corp. [NRZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.91. With this latest performance, NRZ shares dropped by -7.10% in over the last four-week period, additionally sinking by -13.18% over the last 6 months – not to mention a drop of -5.08% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NRZ stock in for the last two-week period is set at 38.82, with the RSI for the last a single of trading hit 33.38, and the three-weeks RSI is set at 42.00 for New Residential Investment Corp. [NRZ]. The present Moving Average for the last 50 days of trading for this stock 10.51, while it was recorded at 10.43 for the last single week of trading, and 10.68 for the last 200 days.

New Residential Investment Corp. [NRZ]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and New Residential Investment Corp. [NRZ] shares currently have an operating margin of +48.85 and a Gross Margin at +88.17. New Residential Investment Corp.’s Net Margin is presently recorded at +26.66.

Return on Equity for this stock inclined to 12.95, with Return on Assets sitting at 2.11.

New Residential Investment Corp. [NRZ]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NRZ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for New Residential Investment Corp. go to 15.04%.

An analysis of insider ownership at New Residential Investment Corp. [NRZ]

There are presently around $2,271 million, or 47.40% of NRZ stock, in the hands of institutional investors. The top three institutional holders of NRZ stocks are: VANGUARD GROUP INC with ownership of 41,980,007, which is approximately 0.627% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 27,648,485 shares of the stock with an approximate value of $286.71 million in NRZ stocks shares; and FMR LLC, currently with $133.53 million in NRZ stock with ownership of nearly -22.29% of the company’s market capitalization.

Positions in New Residential Investment Corp. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 208 institutional holders increased their position in New Residential Investment Corp. [NYSE:NRZ] by around 21,960,310 shares. Additionally, 165 investors decreased positions by around 23,663,393 shares, while 74 investors held positions by with 173,383,020 shares. The mentioned changes placed institutional holdings at 219,006,723 shares, according to the latest SEC report filing. NRZ stock had 68 new institutional investments in for a total of 9,998,912 shares, while 38 institutional investors sold positions of 3,093,887 shares during the same period.