PennyMac Financial Services Inc Sets New 1-Year Low at $15.75 (PFSI)
PennyMac Financial Services (NASDAQ:PFSI) set a new 52-week low on Monday, AnalystRatingsNetwork reports. The company traded as low as $15.75 and last traded at $15.93, with a volume of 415,059 shares. The stock had previously closed at $16.13.
A number of research firms have recently commented on PFSI. Analysts at Wells Fargo & Co. downgraded shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, October 15th. Separately, analysts at Compass Point cut their price target on shares of PennyMac Financial Services from $18.00 to $16.50 in a research note to investors on Thursday, October 3rd. They now have a “neutral” rating on the stock. Finally, analysts at Compass Point cut their price target on shares of PennyMac Financial Services from $20.00 to $18.00 in a research note to investors on Monday, August 12th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $21.20.
PennyMac Financial Services has a 1-year low of $15.79 and a 1-year high of $23.33. The stock’s 50-day moving average is $17.96 and its 200-day moving average is $19.67.
PennyMac Financial Services (NASDAQ:PFSI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.43 by $0.05. The company had revenue of $110.78 million for the quarter, compared to the consensus estimate of $105.70 million. PennyMac Financial Services’s revenue was up 160.2% compared to the same quarter last year. Analysts expect that PennyMac Financial Services will post $1.57 EPS for the current fiscal year.
PennyMac Financial Services, Inc is a specialty financial services firm with a mortgage platform and integrated business focused on the production and servicing of United States residential mortgage loans and the management of investments related to the United States residential mortgage market.
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