Wedbush recorded PHH Corporation (NYSE:PHH), stepping up its target to $16.00 earlier today
- Updated: October 11, 2016
Yesterday PHH Corporation (NYSE:PHH) traded 0.00% even at $14.76. PHH Corporation’s 50-day moving average is $14.76 and its 200-day average is $13.81. With the last stock price up 6.87% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 0 shares of PHH Corporation exchanged hands, down from an avg. trading volume of 454,200
PHH Corporation (NYSE:PHH) had its target price raised to $16.00 by Wedbush in an issued report announced 10/10/2016. The bumped up target suggests a possible upside of 0.08% from the company's last closing price.
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With a total market value of $0, PHH Corporation has 52 week low of $8.26 and a one year high of $18.68 .
Also covering PHH Corporation's price target, a total of 5 analysts have released a research note on the company. The average stock price target is $17.20 with 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, one equity analyst rating the company a hold, 0 analysts rating the company a underperform, and lastly zero brokers rating the stock a sell.
Brief Synopsis On PHH Corporation (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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