PennyMac Mortgage Investment Trust (PMT) Stock Forecast & Price Target

$13.79

-0.12 (-0.86%)

(As of 09/6/2024 ET)

PennyMac Mortgage Investment Trust - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for PennyMac Mortgage Investment Trust in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 4 have given a hold rating, and 3 have given a buy rating for PMT.

Consensus Price Target

$14.93
8.26% Upside

High Forecast	$16.00
Average Forecast	$14.93
Low Forecast	$13.50

According to the 7 analysts' twelve-month price targets for PennyMac Mortgage Investment Trust, the average price target is $14.93. The highest price target for PMT is $16.00, while the lowest price target for PMT is $13.50. The average price target represents a forecasted upside of 8.26% from the current price of $13.79.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$14.93	$14.93	$14.92	$14.83
Forecasted Upside	8.26% Upside	5.67% Upside	5.09% Upside	11.42% Upside

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PMT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PMT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

PennyMac Mortgage Investment Trust Stock vs. The Competition

Type	PennyMac Mortgage Investment Trust	Finance Companies	S&P 500
Consensus Rating Score	2.43	2.46	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	8.26% Upside	35.39% Upside	11.36% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/25/2024	Keefe, Bruyette & Woods 4 of 5 stars	B. George Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$15.50 ➝ $15.00	+11.28%
7/25/2024	Wedbush 3 of 5 stars		Reiterated Rating	Neutral ➝ Neutral	$15.00 ➝ $15.00	+12.61%
7/24/2024	B. Riley 4 of 5 stars		Reiterated Rating	Buy ➝ Buy	$16.00 ➝ $16.00	+18.78%
7/24/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$15.00 ➝ $14.50	+0.21%
7/19/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform ➝ Market Outperform	$15.00 ➝ $15.50	+6.46%
1/10/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$15.00	+0.33%
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12/6/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$13.50	-7.79%
2/17/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
1/6/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$18.00 ➝ $14.00	+3.47%
11/30/2022	Jonestrading Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
10/13/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$15.00	+31.93%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:16 PM ET.

PMT Forecast - Frequently Asked Questions

What is PennyMac Mortgage Investment Trust's forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for PennyMac Mortgage Investment Trust is $14.93, with a high forecast of $16.00 and a low forecast of $13.50.
Should I buy or sell PennyMac Mortgage Investment Trust stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PMT, but not buy additional shares or sell existing shares.
Does PennyMac Mortgage Investment Trust's stock price have much upside?: According to analysts, PennyMac Mortgage Investment Trust's stock has a predicted upside of 5.67% based on their 12-month stock forecasts.
Has PennyMac Mortgage Investment Trust been upgraded by Wall Street analysts recently?: Over the previous 90 days, PennyMac Mortgage Investment Trust's stock had 1 upgrade by analysts.
What analysts cover PennyMac Mortgage Investment Trust?: PennyMac Mortgage Investment Trust has been rated by research analysts at B. Riley, JMP Securities, Keefe, Bruyette & Woods, Piper Sandler, and Wedbush in the past 90 days.
Do Wall Street analysts like PennyMac Mortgage Investment Trust more than its competitors?: Analysts like PennyMac Mortgage Investment Trust less than other "finance" companies. The consensus rating score for PennyMac Mortgage Investment Trust is 2.43 while the average consensus rating score for "finance" companies is 2.46. Learn more on how PMT compares to other companies.