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 highest price target was 9, which equates to a potential upside of 20.97 percent. The minimum price target given was 7, implying potential capital losses of -5.91 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -2.27 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.58 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 1.25 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.

PNNT has an estimated earnings growth rate of -33.83 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. PNNT has a PEG ratio of -0.17.

PNNT has a 52-week high of 8.68 and a 52-week low of 6.86. The current market price is above the trailing year's low by 8.45 percent, and 14.29 percent below the high. PNNT has a P/E 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.