PHH Corp. Reaches New 12-Month High at $26.76 (PHH)
Shares of PHH Corp. (NYSE:PHH) hit a new 52-week high on Monday, Analyst Ratings Network.com reports. The company traded as high as $26.76 and last traded at $25.74, with a volume of 2,160,378 shares trading hands. The stock had previously closed at $24.54.
A number of analysts have recently weighed in on PHH shares. Analysts at Keefe, Bruyette & Woods downgraded shares of PHH Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, September 24th. Separately, analysts at Morgan Stanley initiated coverage on shares of PHH Corp. 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. Finally, analysts at Oppenheimer initiated coverage on shares of PHH Corp. in a research note to investors on Monday, September 9th. They set a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.26.
PHH Corp. has a 52 week low of $18.50 and a 52 week high of $25.13. The stock’s 50-day moving average is $22.40 and its 200-day moving average is $21.46. The company has a market cap of $1.481 billion and a P/E ratio of 10.00.
PHH Corp. (NYSE:PHH) last announced its earnings results on Wednesday, July 31st. The company reported $1.40 EPS for the quarter, missing the Thomson Reuters 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 in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 47.0% on a year-over-year basis.
PHH Corporation (NYSE:PHH) is an outsource provider of mortgage and fleet management services.
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