PHH Receives Average Recommendation of “Hold” from Brokerages (NYSE:PHH)
PHH (NYSE:PHH) has received an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, American Banking News.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $27.63.
PHH has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of PHH in a research note on Monday, August 11th. They now have a $27.00 price target on the stock, up previously from $26.00. Separately, analysts at Zacks upgraded shares of PHH from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 7th. They now have a $24.00 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of PHH in a research note on Friday, July 18th. They set a “buy” rating and a $32.00 price target on the stock.
In other PHH news, Director Gregory J. Parseghian unloaded 25,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $23.98, for a total transaction of $599,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
PHH (NYSE:PHH) traded down 0.83% on Wednesday, hitting $24.00. 58,170 shares of the company’s stock traded hands. PHH has a 52 week low of $20.62 and a 52 week high of $27.13. The stock has a 50-day moving average of $23.72 and a 200-day moving average of $24.25. The company’s market cap is $1.379 billion.
PHH (NYSE:PHH) last announced its earnings results on Monday, August 4th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.18. During the same quarter in the previous year, the company posted $1.40 earnings per share. On average, analysts predict that PHH will post $-1.23 EPS for the current fiscal year.
PHH Corporation (NYSE:PHH) is an outsource provider of mortgage and fleet management services.
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