Analyst Ratings for PennantPark Investment Corp. (PNNT)Updated: 2017-07-28
An average rating of Hold has been given to PennantPark Investment Corp. (NASDAQ:PNNT) by analysts covering the stock. Last month, PNNT received an average rating of Hold.
A buy rating was issued by 2 analysts, 0 gave an overweight rating, 9 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
Investment analysts gave a few price targets for PNNT. The maximum price target given was 9, implying a possible profit of 20.97 percent. The most pessimistic analyst gave a price target of 7, implying potential capital losses of -5.91 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -2.27 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.58 percent. If we look at the last 90 days instead, we find a net average change of 1.25 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.
The growth rate of PNNT's earnings is estimated by analysts to be -33.83 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of PNNT is -0.17.
In the last 52-weeks, PNNT has achieved a high of 8.68 and a low of 6.86. Today's price is 8.45 percent above the 52-week low, and below the high by 14.29 percent. PNNT has a price/earnings ratio of 5.81. Investors typically compare the P/E ratio to a company's peers in the industry. The PNNT value stock report compares PNNT to some of its peers using value stock charts. The stock has a market capitalization of $0.53225 billion. PNNT will post this quarters earnings in days, on 0000-00-00.