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.
PNNT was given price targets by several analysts. The most optimistic analyst gave a price target of 9, implying potential capital gains of 20.97 percent. The most pessimistic price target was 7, implying a possible loss of -5.91 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -2.27 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.58 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.25 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, 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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, 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, but many choose to perform ratio comparisons with other companies in the industry. 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. Currently the stock is 8.45 percent higher than its low, and 14.29 percent lower than its 52-week 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's next earnings release will be on 0000-00-00, which is days away.