PHH Given Consensus Recommendation of “Hold” by Analysts (NYSE:PHH)
PHH (NYSE:PHH) has been given an average recommendation of “Hold” by the eight analysts that are currently covering the company, American Banking and Market News reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $26.24.
PHH (NYSE:PHH) opened at 23.63 on Wednesday. PHH has a one year low of $20.58 and a one year high of $27.13. The stock’s 50-day moving average is $23.63 and its 200-day moving average is $24.31. The company has a market cap of $1.356 billion and a P/E ratio of 35.39.
PHH (NYSE:PHH) last announced its earnings results on Wednesday, May 7th. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.55. The company had revenue of $517.00 million for the quarter, compared to the consensus estimate of $598.63 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down 29.2% on a year-over-year basis. On average, analysts predict that PHH will post $-0.28 earnings per share for the current fiscal year.
In other PHH news, major shareholder Citadel Gp Llc sold 187,202 shares of PHH stock on the open market in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $22.77, for a total transaction of $4,262,589.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
A number of analysts have recently weighed in on PHH shares. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of PHH in a research note on Tuesday, July 8th. They now have a $24.00 price target on the stock. Finally, analysts at Compass Point downgraded shares of PHH from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 3rd. They now have a $26.00 price target on the stock, down previously from $28.00.
PHH Corporation (NYSE:PHH) is an outsource provider of mortgage and fleet management services.
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