PennyMac Mortgage Investment Trust (PMT)
NYSE: PMT · IEX Real-Time Price · USD
13.73
+0.13 (0.96%)
Jul 2, 2024, 4:00 PM EDT - Market closed
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 an increase of 8.67% from the current stock price of 13.73.
Analyst Consensus: Buy
* Price targets were last updated on May 9, 2024.
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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 7 | 7 | 7 | 5 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 9 | 9 | 7 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Reiterates $15 → $15 | Hold | Reiterates | $15 → $15 | +9.25% | May 9, 2024 |
| Wedbush | Wedbush | Hold Reiterates $15 | Hold | Reiterates | $15 | +9.25% | Apr 29, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $15 | Buy | Reiterates | $15 | +9.25% | Apr 19, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $15 | Buy | Reiterates | $15 | +9.25% | Apr 18, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $15 → $16 | Strong Buy | Maintains | $15 → $16 | +16.53% | Feb 7, 2024 |
Financial Forecast
Revenue This Year
353.43M
from 429.02M
Decreased by -17.62%
Revenue Next Year
390.17M
from 353.43M
Increased by 10.40%
EPS This Year
1.50
from 1.63
Decreased by -7.91%
EPS Next Year
1.51
from 1.50
Increased by 0.79%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 417.0M | 464.5M | 436.4M |
| Avg | 353.4M | 390.2M | 419.7M |
| Low | 315.9M | 355.1M | 407.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -2.8% | 31.4% | 11.8% |
| Avg | -17.6% | 10.4% | 7.6% |
| Low | -26.4% | 0.5% | 4.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.70 | 1.67 | 1.68 |
| Avg | 1.50 | 1.51 | 1.62 |
| Low | 1.33 | 1.41 | 1.57 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.4% | 11.2% | 11.0% |
| Avg | -7.9% | 0.8% | 6.8% |
| Low | -18.2% | -6.0% | 3.6% |
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.