Analyst Revises PennyMac Mortgage Investment Trust (NYSE:PMT) Stock Target


PennyMac Mortgage Investment Trust (NYSE:PMT) mean price target has been set at $16.6300 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.0000 in the near-term quarter and $2.5200 for the ongoing fiscal. The market cap of PennyMac Mortgage Investment Tr was recorded at $1.06B after the stock closed at $15.4401 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. PennyMac Mortgage Investment Trust (NYSE:PMT) has a P/E ratio of 12.1960. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. PennyMac Mortgage Investment Trust (NYSE:PMT) PEG ratio sits at 0.0000. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of PennyMac Mortgage Investment Tr visibly illustrates that the 50-day MA of PennyMac Mortgage Investment Tr is $16.1154, and stock is trading -0.6753 or -4.1904% distant from $16.1154. The 200-day MA is $14.2735, and this price is $1.1666 or +8.1732% off from current level. PennyMac Mortgage Investment Trust (NYSE:PMT) 52-week high is $16.9300 and the 52-week low is $10.9100. This represents that if the stock moves $-1.4899 points up on the chart to make a 52-week high. But, if it declines $+41.5225%, then the shares price can hit a new 52-week low.

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