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.
Many analysts weighed in on price targets for PNNT. The most optimistic analyst gave a price target of 9, implying a possible profit of 20.97 percent. The most pessimistic analyst gave a price target of 7, implying a possible loss of -5.91 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -2.27 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -0.58 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.25 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, 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. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. 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.
PNNT has traded between a high of 8.68 and a low of 6.86 over the past year. The current market price is above the trailing year's low by 8.45 percent, and 14.29 percent lower than its 52-week high. 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's next earnings release will be on 0000-00-00, which is days away.