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Zacks Investment Research announced PennyMac Financial Services Inc (NYSE:PFSI), hiking its price target to $20.00 earlier today

Just yesterday PennyMac Financial Services Inc (NYSE:PFSI) traded 1.78% higher at $17.66. PennyMac Financial Services Inc’s 50-day moving average is $15.77 and its two hundred day average is $13.38. The last stock price is up 32.25% relative to the two hundred day average, compared with the S&P 500 which has fallen -0.01% over the same time period. 82,112 shares of the stock traded, down from ann average trading volume of 84,517.

Stating a possible upside of 0.13%, Zacks Investment Research bumped the target price of PennyMac Financial Services Inc (NYSE:PFSI) to $20

Performance Graph:

PennyMac Financial Services Inc (NYSE:PFSI)

A total of 10 brokerages have issued a report on PennyMac Financial Services Inc. Three analysts rate the company a strong buy, four firms rate the company a buy, four firms rate the company a hold, 0 rate the stock to underperform, and finally 0 firmsrate the company as sell with a consensus target price of $16.75

PennyMac Financial Services Inc has a P/E of 9 with a one-year low of $10.48 and a 52 week high of $17.79. PFSI’s market capitalization is presently $0.0.

Brief Synopsis 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, and bidding and closing investment asset acquisitions.

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