How Does PennyMac Mortgage Investment Trust (PMT) Stock Rank on Wall Street Friday?

Friday, October 20, 2023 11:37 AM | InvestorsObserver Analysts

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Wall Street is positive on PennyMac Mortgage Investment Trust (PMT). On average, analysts give PennyMac Mortgage Investment Trust a Buy rating. The average price target is $13.785, which means analysts expect the stock to rise by 24.75% over the next twelve months. That average ranking earns PennyMac Mortgage Investment Trust an Analyst Rating of 23, which is better than 23% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating PMT a Buy today. Find out what this means to you and get the rest of the rankings on PMT!
See Full PMT Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With PennyMac Mortgage Investment Trust Stock Today?

PennyMac Mortgage Investment Trust (PMT) stock is unmoved 0% while the S&P 500 has fallen -1.04% as of 11:32 AM on Friday, Oct 20. PMT is flat $0.00 from the previous closing price of $11.05 on volume of 187,401 shares. Over the past year the S&P 500 has gained 15.49% while PMT has fallen -4.25%. PMT earned $0.61 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 18.08. Click Here to get the full Stock Report for PennyMac Mortgage Investment Trust stock.

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