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$14.63
-0.14-0.95%
At close: -
$14.63
0.000.00%
After Hours: Mar 28, 4:00 PM EDT
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PennyMac Mortgage IT Analyst Ratings and Price Targets | NYSE:PMT | Benzinga
PennyMac Mortgage Investment Trust has a consensus price target of $14.73 based on the ratings of 13 analysts. The high is $16 issued by B. Riley Securities on July 24, 2024. The low is $13 issued by Wells Fargo on May 8, 2023. The 3 most-recent analyst ratings were released by JMP Securities, Wedbush, and Keefe, Bruyette & Woods on January 23, 2025, October 24, 2024, and July 25, 2024, respectively. With an average price target of $15.17 between JMP Securities, Wedbush, and Keefe, Bruyette & Woods, there's an implied 3.67% upside for PennyMac Mortgage Investment Trust from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
JMP Securities
Wedbush
Keefe, Bruyette & Woods
B. Riley Securities
Piper Sandler
1calculated from analyst ratings
Analyst Ratings for PennyMac Mortgage IT
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 01/23/2025 | Buy Now | 5.95% | JMP Securities | Aaron Hecht59% | $15.5 → $15.5 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 10/24/2024 | Buy Now | 2.53% | Wedbush | Jay McCanless87% | $15 → $15 | Reiterates | Neutral → Neutral | Get Alert |
| 07/25/2024 | Buy Now | 2.53% | Keefe, Bruyette & Woods | Bose George74% | $15.5 → $15 | Maintains | Outperform | Get Alert |
| 07/25/2024 | Buy Now | 2.53% | Wedbush | Jay McCanless87% | $15 → $15 | Reiterates | Neutral → Neutral | Get Alert |
| 07/24/2024 | Buy Now | 9.36% | B. Riley Securities | Matt Howlett41% | $16 → $16 | Reiterates | Buy → Buy | Get Alert |
| 07/24/2024 | Buy Now | -0.89% | Piper Sandler | Crispin Love55% | $15 → $14.5 | Maintains | Neutral | Get Alert |
| 07/19/2024 | Buy Now | 5.95% | JMP Securities | Trevor Cranston61% | $15 → $15.5 | Maintains | Market Outperform | Get Alert |
| 07/10/2024 | Buy Now | 5.95% | Keefe, Bruyette & Woods | Bose George74% | $15 → $15.5 | Upgrade | Market Perform → Outperform | Get Alert |
| 05/09/2024 | Buy Now | 2.53% | Piper Sandler | Crispin Love55% | $14.5 → $15 | Reiterates | Neutral → Neutral | Get Alert |
| 04/29/2024 | Buy Now | 2.53% | Wedbush | Jay McCanless87% | $15 → $15 | Reiterates | Neutral → Neutral | Get Alert |
| 04/19/2024 | Buy Now | 2.53% | JMP Securities | Trevor Cranston61% | $15 → $15 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 04/18/2024 | Buy Now | 2.53% | JMP Securities | Trevor Cranston61% | $15 → $15 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 02/07/2024 | Buy Now | 9.36% | B. Riley Securities | Matt Howlett41% | $15 → $16 | Maintains | Buy | Get Alert |
| 01/10/2024 | Buy Now | 2.53% | Deutsche Bank | Mark Devries68% | → $15 | Initiates | → Hold | Get Alert |
| 12/06/2023 | Buy Now | -7.72% | UBS | Douglas Harter68% | → $13.5 | Initiates | → Neutral | Get Alert |
| 10/30/2023 | Buy Now | -4.31% | Wedbush | Jay McCanless87% | $13 → $14 | Maintains | Neutral | Get Alert |
| 07/31/2023 | Buy Now | -4.31% | Credit Suisse | Douglas Harter68% | $15 → $14 | Maintains | Outperform | Get Alert |
| 07/21/2023 | Buy Now | 2.53% | JMP Securities | Trevor Cranston61% | $12.5 → $15 | Maintains | Outperform | Get Alert |
| 05/08/2023 | Buy Now | -11.14% | Wells Fargo | Noah Kaye75% | $15 → $13 | Maintains | Equal-Weight | Get Alert |
| 05/02/2023 | Buy Now | -11.14% | Keefe, Bruyette & Woods | Bose George74% | $12 → $13 | Maintains | Market Perform | Get Alert |
| 04/24/2023 | Buy Now | -17.98% | Keefe, Bruyette & Woods | Bose George74% | $14 → $12 | Maintains | Market Perform | Get Alert |
| 04/21/2023 | Buy Now | -14.56% | JMP Securities | Trevor Cranston61% | $15 → $12.5 | Maintains | Outperform | Get Alert |
| 02/17/2023 | Buy Now | — | BTIG | Eric Hagen48% | — | Downgrade | Buy → Neutral | Get Alert |
| 02/07/2023 | Buy Now | 2.53% | Piper Sandler | Kevin Barker74% | $16 → $15 | Downgrade | Overweight → Neutral | Get Alert |
| 11/30/2022 | Buy Now | — | JonesTrading | Jason Stewart45% | — | Downgrade | Buy → Hold | Get Alert |
| 10/25/2022 | Buy Now | 2.53% | B. Riley Securities | Matt Howlett41% | $18 → $15 | Maintains | Buy | Get Alert |
| 10/20/2022 | Buy Now | 2.53% | JMP Securities | Trevor Cranston61% | $16 → $15 | Maintains | Market Outperform | Get Alert |
| 09/30/2022 | Buy Now | 5.95% | Piper Sandler | Kevin Barker74% | $18 → $15.5 | Maintains | Overweight | Get Alert |
| 07/01/2022 | Buy Now | 23.03% | B. Riley Securities | Matt Howlett41% | $21 → $18 | Maintains | Buy | Get Alert |
| 06/28/2022 | Buy Now | 16.2% | Piper Sandler | Kevin Barker74% | $18 → $17 | Maintains | Overweight | Get Alert |
| 05/06/2022 | Buy Now | 23.03% | JonesTrading | Jason Stewart45% | $18.5 → $18 | Maintains | Buy | Get Alert |
| 04/26/2022 | Buy Now | 23.03% | JMP Securities | Trevor Cranston61% | $22 → $18 | Maintains | Market Outperform | Get Alert |
| 04/05/2022 | Buy Now | 26.45% | Piper Sandler | Kevin Barker74% | $19 → $18.5 | Maintains | Overweight | Get Alert |
FAQ
What is the target price for PennyMac Mortgage IT (PMT) stock?
The latest price target for PennyMac Mortgage IT (NYSE:PMT) was reported by JMP Securities on January 23, 2025. The analyst firm set a price target for $15.50 expecting PMT to rise to within 12 months (a possible 5.95% upside). 12 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for PennyMac Mortgage IT (PMT)?
The latest analyst rating for PennyMac Mortgage IT (NYSE:PMT) was provided by JMP Securities, and PennyMac Mortgage IT reiterated their market outperform rating.
When was the last upgrade for PennyMac Mortgage IT (PMT)?
The last upgrade for PennyMac Mortgage Investment Trust happened on July 10, 2024 when Keefe, Bruyette & Woods raised their price target to $15.5. Keefe, Bruyette & Woods previously had a market perform for PennyMac Mortgage Investment Trust.
When was the last downgrade for PennyMac Mortgage IT (PMT)?
The last downgrade for PennyMac Mortgage Investment Trust happened on February 17, 2023 when BTIG changed their price target from N/A to N/A for PennyMac Mortgage Investment Trust.
When is the next analyst rating going to be posted or updated for PennyMac Mortgage IT (PMT)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of PennyMac Mortgage IT, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for PennyMac Mortgage IT was filed on January 23, 2025 so you should expect the next rating to be made available sometime around January 23, 2026.
Is the Analyst Rating PennyMac Mortgage IT (PMT) correct?
While ratings are subjective and will change, the latest PennyMac Mortgage IT (PMT) rating was a reiterated with a price target of $15.50 to $15.50. The current price PennyMac Mortgage IT (PMT) is trading at is $14.63, which is out of the analyst’s predicted range.
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