Analyst Ratings for Planet Fitness Inc. Cl A (PLNT)Updated: 2017-07-29
Analysts covering Planet Fitness Inc. Cl A (NYSE:PLNT) have given it a consensus rating of Buy. A consensus rating of Buy was previously issued for PLNT last month.
A buy rating was issued by 10 analysts, 1 issued an overweight rating, 1 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for PLNT by the analysts covering the stock. The most optimistic analyst gave a price target of 28, which equates to a potential upside of 22.86 percent. The most pessimistic analyst gave a price target of 22, implying potential capital losses of -3.47 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 2.78 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 2.67 percent in FY estimates.
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, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
PLNT has an estimated earnings growth rate of 75.64 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of PLNT is 0.69.
In the trailing 52-weeks, PLNT hit 25.10 at the highest peak, while it's lowest trading point was 18.32. Today's price is 24.4 percent above the 52-week low, and 9.2 percent lower than its 52-week high. PLNT has a price/earnings ratio of 52.13. Investors typically compare the P/E ratio to a company's peers in the industry. The PLNT value stock report compares PLNT to some of its peers using value stock charts. The stock has a market capitalization of $2.25 billion. PLNT will post this quarters earnings in days, on 0000-00-00.