PennyMac Financial Services Inc (NYSE:PFSI) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 15, 2016
Zacks Investment Research has downgraded PennyMac Financial Services Inc(NYSE:PFSI) to Hold in a report released on 9/16/2016.
Yesterday PennyMac Financial Services Inc (NYSE:PFSI) traded 1.78% higher at $17.70. PennyMac Financial Services Inc’s 50-day average is $15.77 and its two hundred day moving average is $13.38. The last stock price close is up 32.25% relative to the two hundred day average, compared to the S&P 500 Index which has decreased -0.01% over the same time. 82,112 shares of PFSI exchanged hands, down from ann avg. trading volume of 84,517.
Recent Performance Chart:
With a market capitalization of $0.0, PennyMac Financial Services Inc has a 52 week low of $10.48 and a one-year high of $17.79 with a P/E ratio of 9.
In addition to Zacks Investment Research reporting it’s price target, a total of 10 brokers have reported on PennyMac Financial Services Inc. The consensus target is $16.75 with three analysts rating the company a strong buy, four analysts rating the company a buy, four analyts rating the stock a hold, 0 rating the company to underperform, and finally 0 firmsrating the stock as sell.
Brief Synopsis On 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, and bidding and closing investment asset acquisitions.
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