Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $16.56 on PennyMac Mortgage Investment Trust (NYSE:PMT) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.52 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of PennyMac Mortgage Investment Trust (NYSE:PMT) stands at 17.71.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For PennyMac Mortgage Investment Tr, the PEG ratio for coming 3-5 years is 0.00.
The technical analysis highlights that PennyMac Mortgage Investment Tr current is trading $-0.75 points away or -4.65% from its 50-day moving average of $16.03. Further it is trading $0.92 or +6.43% away its 200-day moving average of $14.36.
The 52-week high of PennyMac Mortgage Investment Trust (NYSE:PMT) was $16.93 while lowest point recorded in 52-week was $10.91. It implies if stock price makes a movement of over $-1.65, it will record a new 52-week high. In the case of +40.05% drop, it will touch a new 52-week low.
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