Wedbush announced PHH Corp (NYSE:PHH), boosting its stock price target to $16.00 today
- Updated: October 10, 2016
In a report released on 10/11/2016 Wedbush upped the price target of PHH Corp (NYSE:PHH) to $16.00 reporting a potential upside of 0.08%.
Having a price of $14.76, PHH Corp (NYSE:PHH) traded 0.00% even on the day. The last closing price is up 6.87% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. PHH has recorded a 50-day moving average of $14.76 and a 200-day moving average of $13.81. 0 shares of PHH traded hands, down from an average trading volume of 454,200
Recent Performance Chart
PHH Corp has 52 week low of $8.26 and a 52 week high of $18.68 and has a market capitalization of $0.
In addition to Wedbush reporting its stock price target, a total of 5 brokerages have issued a research note on the company. The average stock price target is $17.20 with 2 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On PHH Corp (NYSE:PHH)
PHH Corporation (PHH) is a non-bank mortgage originator and servicer of the United States residential mortgage loans. The Company conducts its business through two segments: Mortgage Production and Mortgage Servicing. Its Mortgage Production segment originates, purchases and sells mortgage loans through PHH Mortgage. The Mortgage Production segment includes PHH Home Loans, which is a joint venture that it maintains with Realogy Corporation. The Mortgage Servicing segment services mortgage loans originated by PHH Mortgage and acts as a subservicer for certain clients that own the underlying servicing rights. Through its wholly owned subsidiary, PHH Mortgage Corporation and its subsidiaries (PHH Mortgage), the Company provides outsourced mortgage banking services to various clients, including financial institutions and real estate brokers throughout the United States and are focused on originating, selling, and servicing and subservicing residential mortgage loans.
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