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PennyMac Financial Services Inc (NYSE:PFSI) has been downgraded to Neutral in a report by Compass Point today.

Compass Point has downgraded PennyMac Financial Services Inc (NYSE:PFSI) to Neutral in a report released on 9/28/2016.

Previously on Saturday September 17, 2016, Zacks Investment Research released a statement about PennyMac Financial Services Inc (NYSE:PFSI) increased the target price from $0.00 to $20.00. At the time, this indicated a possible upside of 0.13%.

Just yesterday PennyMac Financial Services Inc (NYSE:PFSI) traded 0.53% higher at $17.35. PennyMac Financial Services Inc’s 50-day moving average is $16.76 and its 200-day moving average is $13.85. The last stock price is up 22.86% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 149,263 shares of PFSI traded hands, up from an average trading volume of 90,009

Recent Performance Chart

PennyMac Financial Services Inc (NYSE:PFSI)

PennyMac Financial Services Inc has 52 week low of $10.48 and a 52 week high of $18.13 with a PE ratio of 8.28 and has a market capitalization of $0.

In addition to Compass Point reporting its stock price target, a total of 10 brokerages have issued a research note on the company. The average stock price target is $16.75 with 3 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a 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, bidding and closing investment asset acquisitions.

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