Bank of America Corp. downgraded PennyMac Financial Services Inc (NYSE:PFSI) to Neutral in a statement released earlier today.
- Updated: September 27, 2016
Having a price of $17.35, PennyMac Financial Services Inc (NYSE:PFSI) traded -0.52% lower on the day. With the last close up 26.11% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PFSI has recorded a 50-day average of $16.63 and a two hundred day average of $13.76. Trade Volume was down over the average, with 84,311 shares of PFSI changing hands under the typical 88,211
Bank of America Corp. has downgraded PennyMac Financial Services Inc (NYSE:PFSI) to Neutral in a statement released on 09/28/2016.
On Saturday September 17, 2016, Zacks Investment Research released a statement on PennyMac Financial Services Inc (NYSE:PFSI) upped the target price from $0.00 to $20.00 that suggested an upside of 0.13%.
Recent Performance Chart
PennyMac Financial Services Inc has price-earnings ratio of 8.45 with a one year low of $10.48 and a one year high of $18.13 and has a total market value of $0.
A total of 10 equity analysts have released a research note on PFSI. Three equity analysts rating the company a strong buy, four equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $16.75.
More About PennyMac Financial Services Inc (NYSE:PFSI)
PennyMac Financial Services, Inc. (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. It operates through three segments: loan production, loan servicing and investment management. Its loan production segment is sourced through approximately two channels: correspondent production and consumer direct lending. Its loan servicing segment performs loan administration, collection and default management activities, including the collection and remittance of loan payments; response to customer inquiries; accounting for principal and interest; counseling delinquent mortgagors, and supervising foreclosures and property dispositions. Its investment management segment represents the activities of the Company's investment manager, which include sourcing, performing diligence, bidding and closing investment asset acquisitions.
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