PHH Corp. (PHH) Stock Price Up 3.7%
PHH Corp. (NYSE:PHH) rose 3.7% during mid-day trading on Monday . The stock traded as high as $15.25 and last traded at $15.14, with a volume of 300,220 shares changing hands. The stock had previously closed at $14.60.
PHH has been the subject of several research reports. Zacks Investment Research raised PHH Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. Morgan Stanley reaffirmed a “hold” rating on shares of PHH Corp. in a report on Thursday, May 5th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of PHH Corp. in a report on Monday, August 8th. Finally, Keefe, Bruyette & Woods cut PHH Corp. from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $14.92 to $17.00 in a research report on Thursday, August 11th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $14.33.
The company has a 50-day moving average price of $14.88 and a 200 day moving average price of $13.09. The company’s market cap is $825.92 million.
PHH Corp. (NYSE:PHH) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.38. The business earned $196 million during the quarter, compared to the consensus estimate of $182 million. During the same quarter last year, the company earned ($1.43) EPS. The firm’s revenue for the quarter was down 17.3% compared to the same quarter last year. On average, equities analysts expect that PHH Corp. will post ($1.11) EPS for the current fiscal 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.
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