PHH Corp. (NYSE:PHH) traded up 5.1% on Friday . The company traded as high as $13.92 and last traded at $13.89, with a volume of 130,464 shares. The stock had previously closed at $13.21.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised PHH Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Compass Point decreased their target price on PHH Corp. from $19.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, April 12th. Morgan Stanley reissued a “hold” rating on shares of PHH Corp. in a research report on Thursday, May 5th. Finally, Sterne Agee CRT downgraded PHH Corp. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $13.00 in a research report on Tuesday, April 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.67.

The company has a 50-day moving average price of $13.72 and a 200 day moving average price of $12.69. The firm’s market capitalization is $742.29 million.

PHH Corp. (NYSE:PHH) last issued its earnings results on Wednesday, May 4th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.36. The firm had revenue of $157 million for the quarter, compared to the consensus estimate of $175.17 million. The business’s revenue for the quarter was down 39.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.38) earnings per share. On average, equities analysts expect that PHH Corp. will post ($1.46) EPS for the current year.

Several large investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System boosted its stake in shares of PHH Corp. by 56.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 84,526 shares of the company’s stock worth $1,369,000 after buying an additional 30,518 shares during the last quarter. California State Teachers Retirement System raised its position in shares of PHH Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 92,016 shares of the company’s stock worth $1,491,000 after buying an additional 1,426 shares during the period. Swiss National Bank raised its position in shares of PHH Corp. by 15.7% in the fourth quarter. Swiss National Bank now owns 78,700 shares of the company’s stock worth $1,275,000 after buying an additional 10,700 shares during the period. Rhumbline Advisers raised its position in shares of PHH Corp. by 1.4% in the fourth quarter. Rhumbline Advisers now owns 72,385 shares of the company’s stock worth $1,173,000 after buying an additional 985 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of PHH Corp. by 6.5% in the fourth quarter. California Public Employees Retirement System now owns 381,232 shares of the company’s stock worth $6,176,000 after buying an additional 23,100 shares during the period.

PHH Corporation (PHH) is an outsource provider of residential mortgage services. The Company conducts its business through two segments: Mortgage Production and Mortgage Servicing. Its Mortgage Production segment originates, purchases and sells mortgage loans through PHH Mortgage. The Mortgage Servicing segment services mortgage loans originated by PHH Mortgage and acts as a subservicer for certain clients that own the underlying servicing rights.

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