PHH Corp. (NYSE:PHH) traded up 0.9% during mid-day trading on Tuesday . The company traded as high as $14.75 and last traded at $14.61, with a volume of 296,979 shares changing hands. The stock had previously closed at $14.48.

PHH has been the subject of several analyst reports. Zacks Investment Research raised shares of PHH Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Compass Point dropped their price target on shares of PHH Corp. from $19.00 to $13.00 and set a “buy” rating for the company 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 cut shares of PHH Corp. from a “buy” rating to a “neutral” rating and dropped their price target for the company 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 company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.67.

The company has a 50-day moving average of $13.89 and a 200 day moving average of $12.61. The company’s market capitalization is $782.97 million.

PHH Corp. (NYSE:PHH) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.36. The firm had revenue of $157 million for the quarter, compared to analysts’ expectations of $175.17 million. During the same quarter in the prior year, the firm posted ($0.38) EPS. PHH Corp.’s revenue was down 39.8% on a year-over-year basis. Equities research analysts predict that PHH Corp. will post ($1.46) earnings per share for the current fiscal year.

A number of large investors have made changes to their positions in PHH. Rhumbline Advisers boosted its stake in shares of PHH Corp. by 1.4% in the fourth quarter. Rhumbline Advisers now owns 72,385 shares of the company’s stock valued at $1,173,000 after buying an additional 985 shares in the last quarter. California State Teachers Retirement System boosted its stake 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 valued at $1,491,000 after buying an additional 1,426 shares in the last quarter. Swiss National Bank boosted its stake 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 valued at $1,275,000 after buying an additional 10,700 shares in the last quarter. California Public Employees Retirement System boosted its stake 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 valued at $6,176,000 after buying an additional 23,100 shares in the last quarter. Finally, 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 valued at $1,369,000 after buying an additional 30,518 shares in the last quarter.

PHH Corporation (PHH) is a non-bank mortgage originator and servicer of the United States residential mortgage loans. 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.

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