Brokerage Firm Rating on Altisource Portfolio Solutions S.A. (ASPS)

Altisource Portfolio Solutions S.A. (ASPS) : Zacks Investment Research ranks Altisource Portfolio Solutions S.A. (ASPS) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. The average broker rating of 3 research analysts is 2.33, which indicates as a Buy.

Altisource Portfolio Solutions S.A. (ASPS) : The highest short term price target forecast on Altisource Portfolio Solutions S.A. (ASPS) is $42 and the lowest target price is $13. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $28.67 with a standard deviation of $14.64.


Company shares have received an average consensus rating of Hold for the current week Altisource Portfolio Solutions S.A. (NASDAQ:ASPS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.15 and $28.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.51, notching a gain of 0.75% for the day. The total traded volume was 521,771 . The stock had closed at $29.29 on the previous day.

In a related news, Erbey William C, 0 of Altisource Portfolio Solutions S.A., unloaded 57,142 shares at an average price of $23.81 on August 1, 2016. The total amount of the transaction was worth $1,360,551, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Altisource Portfolio Solutions S.A. is a provider of marketplace and transaction solutions for the real estate, mortgage and consumer debt industries offering both distribution and content. The Company operates in three segments: Mortgage Services, Financial Services and Technology Services. The Companys Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, investors and other sellers of single family homes. The Financial Services segment provides collection and customer relationship management services to debt originators and servicers, and the utility, insurance and hotel industries. The Companys Technology Services consists of REALSuite of software applications, Equator, LLC (Equator) software applications, Mortgage Builder software applications and its information technology (IT) infrastructure management services.

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