PHH Corp. (PHH) Stock Price Up 3.7%
PHH Corp. (NYSE:PHH)’s share price rose 3.7% on Monday . The company traded as high as $15.25 and last traded at $15.14, with a volume of 300,220 shares. The stock had previously closed at $14.60.
PHH has been the topic of a number of research analyst reports. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of PHH Corp. in a report on Monday, August 8th. Zacks Investment Research raised shares of PHH Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th. Morgan Stanley reissued a “hold” rating on shares of PHH Corp. in a report on Thursday, May 5th. Finally, Keefe, Bruyette & Woods downgraded shares of PHH Corp. from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $14.92 to $17.00 in a report on Thursday, August 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.33.
The company’s 50 day moving average is $14.81 and its 200-day moving average is $12.99. The firm’s market cap is $803.44 million.
PHH Corp. (NYSE:PHH) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.38. The firm earned $196 million during the quarter, compared to the consensus estimate of $182 million. PHH Corp.’s revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter last year, the company posted ($1.43) EPS. On average, analysts anticipate that PHH Corp. will post ($1.11) EPS for the current year.
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.