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

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!

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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.