Today KBW Reaffirms a Hold Rating on PHH Corp (NYSE:PHH) and a $12.0 Target Price

April 16, 2018 - By Maria Brooks

Investors sentiment decreased to 0.8 in Q4 2017. Its down 0.12, from 0.92 in 2017Q3. It dropped, as 13 investors sold PHH Corporation shares while 42 reduced holdings. 21 funds opened positions while 23 raised stakes. 30.80 million shares or 2.07% more from 30.18 million shares in 2017Q3 were reported.

Deutsche Bank Ag has 0% invested in PHH Corporation (NYSE:PHH). State Board Of Administration Of Florida Retirement Sys accumulated 0% or 53,827 shares. Pub Employees Retirement Association Of Colorado holds 0% of its portfolio in PHH Corporation (NYSE:PHH) for 15,242 shares. Balyasny Asset Management Ltd Liability Corporation has 53,050 shares. Metropolitan Life has invested 0% of its portfolio in PHH Corporation (NYSE:PHH). Renaissance Techs Limited Liability Corporation has 0.03% invested in PHH Corporation (NYSE:PHH) for 2.59M shares. First Republic Incorporated stated it has 0% of its portfolio in PHH Corporation (NYSE:PHH). Price T Rowe Inc Md, a Maryland-based fund reported 17,333 shares. Goldman Sachs Grp Inc Inc has invested 0% in PHH Corporation (NYSE:PHH). Meridian Counsel accumulated 11,880 shares. Citadel Advsrs Lc has 624,274 shares. Massachusetts-based Geode Cap Management Limited Com has invested 0% in PHH Corporation (NYSE:PHH). Silver Point Cap Ltd Partnership reported 1.76 million shares. Qs Invsts Limited Liability Co reported 0% of its portfolio in PHH Corporation (NYSE:PHH). New York-based Sg Americas Ltd Liability has invested 0% in PHH Corporation (NYSE:PHH).

Since December 15, 2017, it had 0 insider buys, and 2 selling transactions for $97,578 activity. The insider Brown William F sold 8,000 shares worth $88,948.

PHH Corp (NYSE:PHH) Rating Reaffirmed

KBW now has a $12.0 PT on shares of PHH Corp (NYSE:PHH). The PT would indicate a potential upside of 12.57 % from the last stock close price of PHH Corp (NYSE:PHH). This rating was disclosed in an analyst report on 21 December.

Investors sentiment decreased to 0.8 in Q4 2017. Its down 0.12, from 0.92 in 2017Q3. It dropped, as 13 investors sold PHH Corporation shares while 42 reduced holdings. 21 funds opened positions while 23 raised stakes. 30.80 million shares or 2.07% more from 30.18 million shares in 2017Q3 were reported.

Deutsche Bank Ag has 0% invested in PHH Corporation (NYSE:PHH). State Board Of Administration Of Florida Retirement Sys accumulated 0% or 53,827 shares. Pub Employees Retirement Association Of Colorado holds 0% of its portfolio in PHH Corporation (NYSE:PHH) for 15,242 shares. Balyasny Asset Management Ltd Liability Corporation has 53,050 shares. Metropolitan Life has invested 0% of its portfolio in PHH Corporation (NYSE:PHH). Renaissance Techs Limited Liability Corporation has 0.03% invested in PHH Corporation (NYSE:PHH) for 2.59M shares. First Republic Incorporated stated it has 0% of its portfolio in PHH Corporation (NYSE:PHH). Price T Rowe Inc Md, a Maryland-based fund reported 17,333 shares. Goldman Sachs Grp Inc Inc has invested 0% in PHH Corporation (NYSE:PHH). Meridian Counsel accumulated 11,880 shares. Citadel Advsrs Lc has 624,274 shares. Massachusetts-based Geode Cap Management Limited Com has invested 0% in PHH Corporation (NYSE:PHH). Silver Point Cap Ltd Partnership reported 1.76 million shares. Qs Invsts Limited Liability Co reported 0% of its portfolio in PHH Corporation (NYSE:PHH). New York-based Sg Americas Ltd Liability has invested 0% in PHH Corporation (NYSE:PHH).

Since December 15, 2017, it had 0 insider buys, and 2 selling transactions for $97,578 activity. The insider Brown William F sold 8,000 shares worth $88,948.

The stock increased 0.38% or $0.04 during the last trading session, reaching $10.66. About 49,949 shares traded. PHH Corporation (NYSE:PHH) has declined 15.14% since April 16, 2017 and is downtrending. It has underperformed by 26.69% the S&P500.

Analysts await PHH Corporation (NYSE:PHH) to report earnings on May, 8. They expect $-0.89 earnings per share, up 28.23 % or $0.35 from last year’s $-1.24 per share. After $-1.44 actual earnings per share reported by PHH Corporation for the previous quarter, Wall Street now forecasts -38.19 % EPS growth.

PHH Corporation, through its subsidiaries, provides outsourced mortgage banking services to financial institutions and real estate brokers in the United States. The company has market cap of $347.06 million. The firm operates through two divisions, Mortgage Production and Mortgage Servicing. It currently has negative earnings. The Mortgage Production segment provides private label mortgage services to financial institutions and real estate brokers; and originates and sells mortgage loans.

PHH Corporation (NYSE:PHH) Institutional Positions Chart

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