PennyMac Mortgage Investment Trust (PMT)
NYSE: PMT · IEX Real-Time Price · USD
15.01
-0.03 (-0.23%)
May 20, 2024, 1:04 PM EDT - Market open
PMT Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for PMT stock have an average target of 14.92, with a low estimate of 13.5 and a high estimate of 16. The average target predicts a decrease of -0.57% from the current stock price of 15.01.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PMT stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 6 | 7 | 7 | 7 | 5 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 8 | 9 | 9 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Reiterates $15 → $15 | Hold | Reiterates | $15 → $15 | -0.03% | May 9, 2024 |
| Wedbush | Wedbush | Hold Reiterates $15 | Hold | Reiterates | $15 | -0.03% | Apr 29, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $15 | Buy | Reiterates | $15 | -0.03% | Apr 19, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $15 | Buy | Reiterates | $15 | -0.03% | Apr 18, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $15 → $16 | Strong Buy | Maintains | $15 → $16 | +6.63% | Feb 7, 2024 |
Financial Forecast
Revenue This Year
358.01M
from 429.02M
Decreased by -16.55%
Revenue Next Year
396.96M
from 358.01M
Increased by 10.88%
EPS This Year
1.34
from 1.63
Decreased by -17.85%
EPS Next Year
1.44
from 1.34
Increased by 7.74%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 408.8M | 463.3M |
| Avg | 358.0M | 397.0M |
| Low | 330.0M | 342.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -4.7% | 29.4% |
| Avg | -16.6% | 10.9% |
| Low | -23.1% | -4.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.70 | 1.63 | 1.73 |
| Avg | 1.34 | 1.44 | 1.67 |
| Low | 1.00 | 1.24 | 1.62 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.4% | 21.5% | 20.1% |
| Avg | -17.9% | 7.7% | 15.5% |
| Low | -38.7% | -7.1% | 12.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.