PennyMac Financial Services Receives Average Recommendation of “Hold” from Brokerages (NYSE:PFSI)
PennyMac Financial Services (NYSE:PFSI) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, American Banking and Market News reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $19.44.
A number of analysts have recently weighed in on PFSI shares. Analysts at Jefferies Group cut their price target on shares of PennyMac Financial Services from $20.00 to $18.00 in a research note on Friday. Separately, analysts at Compass Point upgraded shares of PennyMac Financial Services from a “neutral” rating to a “buy” rating in a research note on Thursday. They now have a $18.50 price target on the stock, up previously from $15.00. Finally, analysts at Zacks downgraded shares of PennyMac Financial Services from a “neutral” rating to an “underperform” rating in a research note on Thursday, April 17th. They now have a $15.60 price target on the stock.
In other PennyMac Financial Services news, Director Matthew Botein sold 27,200 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $15.45, for a total transaction of $420,240.00. Following the completion of the transaction, the director now directly owns 124,259 shares in the company, valued at approximately $1,919,802. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of PennyMac Financial Services (NYSE:PFSI) opened at 15.40 on Friday. PennyMac Financial Services has a 52 week low of $15.01 and a 52 week high of $23.33. The stock has a 50-day moving average of $16.60 and a 200-day moving average of $17.13. The company has a market cap of $321.5 million and a P/E ratio of 19.02.
PennyMac Financial Services (NYSE:PFSI) last announced its earnings results on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.38. The company had revenue of $105.50 million for the quarter, compared to the consensus estimate of $100.48 million. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that PennyMac Financial Services will post $1.75 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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