PHH Given Consensus Rating of “Hold” by Brokerages (NYSE:PHH)
Shares of PHH (NYSE:PHH) have been given an average recommendation of “Hold” by the nine analysts that are covering the stock, StockRatingsNetwork.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $27.63.
Several analysts have recently commented on the stock. 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.
Shares of PHH (NYSE:PHH) opened at 23.90 on Wednesday. PHH has a one year low of $20.62 and a one year high of $27.13. The stock’s 50-day moving average is $23.78 and its 200-day moving average is $24.24. The company’s market cap is $1.373 billion.
PHH (NYSE:PHH) last announced its earnings results on Monday, August 4th. The company reported ($0.31) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.13) by $0.18. During the same quarter last year, the company posted $1.40 earnings per share. Analysts expect that PHH will post $-1.23 EPS for the current fiscal year.
In other PHH news, Director Gregory J. Parseghian sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $23.98, for a total transaction of $599,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
PHH Corporation (NYSE:PHH) is an outsource provider of mortgage and fleet management services.
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