PHH Corp. (PHH) Given Consensus Rating of “Hold” by Brokerages
PHH Corp. (NYSE:PHH) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the company. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $14.75.
Several brokerages have recently issued reports on PHH. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of PHH Corp. in a report on Monday, August 8th. Keefe, Bruyette & Woods downgraded shares of PHH Corp. from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $14.92 to $17.00 in a report on Thursday, August 11th. Finally, Wedbush began coverage on shares of PHH Corp. in a report on Monday, October 10th. They set a “neutral” rating and a $16.00 price target for the company.
Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in PHH Corp. by 0.5% in the third quarter. BlackRock Inc. now owns 18,004 shares of the company’s stock valued at $260,000 after buying an additional 94 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of PHH Corp. by 2.2% in the second quarter. Teacher Retirement System of Texas now owns 7,514 shares of the company’s stock worth $100,000 after buying an additional 159 shares during the last quarter. Paradigm Capital Management Inc. NY increased its stake in shares of PHH Corp. by 1.0% in the third quarter. Paradigm Capital Management Inc. NY now owns 25,925 shares of the company’s stock worth $374,000 after buying an additional 250 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of PHH Corp. by 1.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 37,567 shares of the company’s stock worth $500,000 after buying an additional 437 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of PHH Corp. by 1.5% in the third quarter. Rhumbline Advisers now owns 69,297 shares of the company’s stock worth $1,001,000 after buying an additional 1,020 shares during the last quarter.
PHH Corp. (NYSE:PHH) traded down 0.89% during trading on Tuesday, reaching $14.45. 148,571 shares of the company’s stock traded hands. The stock’s market capitalization is $774.51 million. The company has a 50-day moving average of $14.79 and a 200 day moving average of $14.39. PHH Corp. has a 12 month low of $8.26 and a 12 month high of $17.20.
PHH Corp. (NYSE:PHH) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.21. PHH Corp. had a negative net margin of 18.28% and a negative return on equity of 5.38%. The firm had revenue of $197 million for the quarter, compared to analyst estimates of $198.67 million. During the same period last year, the firm posted ($0.61) EPS. The business’s revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts expect that PHH Corp. will post ($1.46) earnings per share for the current fiscal year.
About PHH Corp.
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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