Reaffirmed: PHH Corp (NYSE:PHH) “Hold” Rating Reiterated at KBW; $15.0 Target in Place

September 17, 2017 - By Vivian Currie

 Reaffirmed: PHH Corp (NYSE:PHH)

Investors sentiment decreased to 1.22 in 2016 Q4. Its down 0.11, from 1.33 in 2016Q3. It dropped, as 17 investors sold PHH Corporation shares while 34 reduced holdings. 23 funds opened positions while 39 raised stakes. 51.29 million shares or 3.63% less from 53.22 million shares in 2016Q3 were reported.

Geode Ltd Liability Corporation holds 370,437 shares or 0% of its portfolio. Moreover, Employees Retirement Association Of Colorado has 0% invested in PHH Corporation (NYSE:PHH). Pomelo Ltd Liability Corporation has invested 0.04% in PHH Corporation (NYSE:PHH). Airain Ltd invested in 18,554 shares. Ubs Asset Americas holds 38,019 shares. Tower Research Capital Limited Liability Company (Trc) has invested 0.01% in PHH Corporation (NYSE:PHH). Rhumbline Advisers has invested 0% in PHH Corporation (NYSE:PHH). 75,291 were reported by Alliancebernstein Lp. Blackrock Inv Management Ltd Liability Co holds 215,023 shares. Stevens Mgmt Limited Partnership has 10,925 shares. Fmr Llc invested in 0% or 18,000 shares. Silver Point Cap Limited Partnership accumulated 6.88% or 4.22M shares. Blackrock Fund Advisors has invested 0% in PHH Corporation (NYSE:PHH). Valley National Advisers Incorporated reported 7 shares. Point72 Asia (Hong Kong) reported 0.01% stake.

Since May 10, 2017, it had 0 insider buys, and 1 insider sale for $1.42 million activity. $1.42M worth of PHH Corporation (NYSE:PHH) was sold by Silver Point Capital L.P..

PHH Corp (NYSE:PHH) Rating Reaffirmed

In an analyst report shared with investors and clients on Monday, 11 September, The “Hold” rating of PHH Corp (NYSE:PHH) shares was reconfirmed by KBW, who now has a $15.0 target on the stock. KBW’s target gives a possible upside of 12.53 % from the last stock close price of the company.

Investors sentiment decreased to 1.22 in 2016 Q4. Its down 0.11, from 1.33 in 2016Q3. It dropped, as 17 investors sold PHH Corporation shares while 34 reduced holdings. 23 funds opened positions while 39 raised stakes. 51.29 million shares or 3.63% less from 53.22 million shares in 2016Q3 were reported.

Geode Ltd Liability Corporation holds 370,437 shares or 0% of its portfolio. Moreover, Employees Retirement Association Of Colorado has 0% invested in PHH Corporation (NYSE:PHH). Pomelo Ltd Liability Corporation has invested 0.04% in PHH Corporation (NYSE:PHH). Airain Ltd invested in 18,554 shares. Ubs Asset Americas holds 38,019 shares. Tower Research Capital Limited Liability Company (Trc) has invested 0.01% in PHH Corporation (NYSE:PHH). Rhumbline Advisers has invested 0% in PHH Corporation (NYSE:PHH). 75,291 were reported by Alliancebernstein Lp. Blackrock Inv Management Ltd Liability Co holds 215,023 shares. Stevens Mgmt Limited Partnership has 10,925 shares. Fmr Llc invested in 0% or 18,000 shares. Silver Point Cap Limited Partnership accumulated 6.88% or 4.22M shares. Blackrock Fund Advisors has invested 0% in PHH Corporation (NYSE:PHH). Valley National Advisers Incorporated reported 7 shares. Point72 Asia (Hong Kong) reported 0.01% stake.

Since May 10, 2017, it had 0 insider buys, and 1 insider sale for $1.42 million activity. $1.42M worth of PHH Corporation (NYSE:PHH) was sold by Silver Point Capital L.P..

PHH Corporation (NYSE:PHH) Ratings Coverage

Among 10 analysts covering PHH Corporation (NYSE:PHH), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. PHH Corporation has $22 highest and $15.0 lowest target. $19.36’s average target is 45.24% above currents $13.33 stock price. PHH Corporation had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of PHH Corporation (NYSE:PHH) has “Outperform” rating given on Monday, August 10 by Bruyette & Woods”. The rating was downgraded by Wedbush to “Neutral” on Tuesday, June 20. Oppenheimer maintained PHH Corporation (NYSE:PHH) on Tuesday, August 11 with “Outperform” rating. Wood downgraded the shares of PHH in report on Thursday, August 11 to “Market Perform” rating. Keefe Bruyette & Woods downgraded the stock to “Market Perform” rating in Thursday, August 11 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, September 11. The firm earned “Strong Sell” rating on Friday, May 26 by ValuEngine. The rating was downgraded by Sterne Agee CRT on Tuesday, April 12 to “Neutral”. The company was initiated on Tuesday, October 11 by Wedbush. The company was maintained on Tuesday, August 11 by Morgan Stanley.

The stock increased 1.37% or $0.18 on September 15, reaching $13.33. About 510,080 shares traded. PHH Corporation (NYSE:PHH) has risen 6.41% since September 17, 2016 and is uptrending. It has underperformed by 10.29% the S&P500.

Analysts await PHH Corporation (NYSE:PHH) to report earnings on November, 14. They expect $-1.52 EPS, down 334.29 % or $1.17 from last year’s $-0.35 per share. After $-0.81 actual EPS reported by PHH Corporation for the previous quarter, Wall Street now forecasts 87.65 % negative EPS growth.

PHH Corporation is a standalone mortgage company. The company has market cap of $683.92 million. The Firm provides outsourced mortgage banking services to a range of clients, including financial institutions and real estate brokers throughout the United States, and is focused on originating, selling, servicing and subservicing residential mortgage loans through its subsidiary, PHH Mortgage Corporation and its subsidiaries. It currently has negative earnings. It operates through two divisions: Mortgage Production and Mortgage Servicing.

More recent PHH Corporation (NYSE:PHH) news were published by: Businesswire.com which released: “PHH Corporation Announces Final Results of Tender Offer” on September 15, 2017. Also Businesswire.com published the news titled: “PHH Corporation Announces Preliminary Results of Tender Offer” on September 11, 2017. Businesswire.com‘s news article titled: “PHH Corporation Announces Extension of Offer Period to Purchase up to $266 …” with publication date: August 25, 2017 was also an interesting one.

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