PennantPark Investment Corporation (PNNT)
NYSE: PNNT · IEX Real-Time Price · USD
6.90
+0.03 (0.44%)
Apr 18, 2024, 4:00 PM EDT - Market closed
PennantPark Investment Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for PNNT stock have an average target of 6.92, with a low estimate of 6.50 and a high estimate of 7.50. The average target predicts an increase of 0.29% from the current stock price of 6.90.
Analyst Consensus: Hold
* Price targets were last updated on Nov 17, 2023.
Analyst Ratings
The average analyst rating for PNNT stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 3 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Maintains $7.25 → $7.5 | Buy | Maintains | $7.25 → $7.5 | +8.70% | Nov 17, 2023 |
| Compass Point | Compass Point | Strong Buy → Hold Downgrades $6.75 | Strong Buy → Hold | Downgrades | $6.75 | -2.17% | Aug 15, 2023 |
| Raymond James | Raymond James | Buy Maintains $6.5 → $7.25 | Buy | Maintains | $6.5 → $7.25 | +5.07% | Aug 14, 2023 |
| JP Morgan | JP Morgan | Hold Maintains $6 → $6.5 | Hold | Maintains | $6 → $6.5 | -5.80% | Aug 11, 2023 |
| Truist Securities | Truist Securities | Strong Buy Maintains $8 → $7 | Strong Buy | Maintains | $8 → $7 | +1.45% | Feb 13, 2023 |
Financial Forecast
Revenue This Year
144.33M
from 145.37M
Decreased by -0.71%
Revenue Next Year
141.90M
from 144.33M
Decreased by -1.68%
EPS This Year
0.97
from -0.52
EPS Next Year
0.94
from 0.97
Decreased by -3.62%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 158.8M | 157.0M |
| Avg | 144.3M | 141.9M |
| Low | 129.5M | 121.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 9.2% | 8.8% |
| Avg | -0.7% | -1.7% |
| Low | -10.9% | -15.6% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.09 | 1.06 |
| Avg | 0.97 | 0.94 |
| Low | 0.88 | 0.83 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | 9.3% |
| Avg | - | -3.6% |
| Low | - | -14.1% |
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.