PHH Corp. Lowered to Market Perform at Keefe, Bruyette & Woods (PHH)
PHH Corp. (NYSE:PHH) was downgraded by stock analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
PHH Corp. (NYSE:PHH) traded down 1.35% on Tuesday, hitting $24.13. 149,982 shares of the company’s stock traded hands. PHH Corp. has a one year low of $18.50 and a one year high of $25.13. The stock has a 50-day moving average of $22.02 and a 200-day moving average of $21.31. The company has a market cap of $1.379 billion and a price-to-earnings ratio of 9.97.
PHH Corp. (NYSE:PHH) last released its earnings data on Wednesday, July 31st. The company reported $1.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.74 by $0.34. The company had revenue of $822.00 million for the quarter, compared to the consensus estimate of $758.55 million. During the same quarter last year, the company posted $0.49 earnings per share. PHH Corp.’s revenue was up 47.0% compared to the same quarter last year. Analysts expect that PHH Corp. will post $2.66 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on PHH. Analysts at Morgan Stanley initiated coverage on shares of PHH Corp. (NYSE:PHH) in a research note to investors on Wednesday, September 11th. They set an “equal weight” rating and a $21.10 price target on the stock. Separately, analysts at Oppenheimer initiated coverage on shares of PHH Corp. (NYSE:PHH) in a research note to investors on Monday, September 9th. They set a “market perform” rating on the stock. Finally, analysts at Zacks upgraded shares of PHH Corp. (NYSE:PHH) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $23.20 price target on the stock.
Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.26.
PHH Corporation (NYSE:PHH) is an outsource provider of mortgage and fleet management services.
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