Pennymac Mortgage Investment Trust (Symbol: PMT) shares recently traded at $14.65, surpassing the average analyst 12-month target price of $14.42. This movement prompts potential reactions from analysts, including downgrades or revised target prices based on company fundamentals. The average target is supported by seven analysts, with predictions ranging as low as $13.25 and as high as $15.50, reflecting a standard deviation of $0.827.
Current analyst ratings for PMT include one strong buy, one buy, and six holds, as outlined in recent reports. Over the last month, the average rating has remained stable at 2.63 on a scale where 1 is a strong buy and 5 is a strong sell. Data sourced from Zacks Investment Research indicates ongoing investor interest as PMT exceeds its target price.
