$13.75
-0.08-0.58%
Last update: 11:03 AM
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PennyMac Mortgage IT
PMTNYSE
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PennyMac Mortgage IT (NYSE:PMT) Stock, Analyst Ratings, Price Targets, Forecasts
PennyMac Mortgage Investment Trust has a consensus price target of $13.54 based on the ratings of 30 analysis. The 3 most-recent analyst ratings were released by Piper Sandler, Wedbush, and JMP Securities on May 9, 2024, April 29, 2024, and April 19, 2024, respectively. With an average price target of $15 between Piper Sandler, Wedbush, and JMP Securities, there's an implied 9.09% upside for PennyMac Mortgage Investment Trust from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Piper Sandler
Wedbush
JMP Securities
B. Riley Securities
Deutsche Bank
1calculated from analyst ratings
Analyst Ratings for PennyMac Mortgage IT
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/09/2024 | Buy Now | 9.09% | Piper Sandler | Crispin Love | $14.5 → $15 | Reiterates | Neutral → Neutral | Get Alert |
| 04/29/2024 | Buy Now | 9.09% | Wedbush | Jay McCanless | → $15 | Reiterates | Neutral → Neutral | Get Alert |
| 04/19/2024 | Buy Now | 9.09% | JMP Securities | Trevor Cranston | → $15 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 04/18/2024 | Buy Now | 9.09% | JMP Securities | Trevor Cranston | → $15 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 02/07/2024 | Buy Now | 16.36% | B. Riley Securities | Matt Howlett | $15 → $16 | Maintains | Buy | Get Alert |
| 01/10/2024 | Buy Now | 9.09% | Deutsche Bank | Mark Devries | → $15 | Initiates | → Hold | Get Alert |
| 12/06/2023 | Buy Now | -1.82% | UBS | Douglas Harter | → $13.5 | Initiates | → Neutral | Get Alert |
| 10/30/2023 | Buy Now | 1.82% | Wedbush | Jay McCanless | $13 → $14 | Maintains | Neutral | Get Alert |
| 07/31/2023 | Buy Now | 1.82% | Credit Suisse | Douglas Harter | $15 → $14 | Maintains | Outperform | Get Alert |
| 07/21/2023 | Buy Now | 9.09% | JMP Securities | Trevor Cranston | $12.5 → $15 | Maintains | Outperform | Get Alert |
| 05/08/2023 | Buy Now | -5.45% | Wells Fargo | Noah Kaye | $15 → $13 | Maintains | Equal-Weight | Get Alert |
| 05/02/2023 | Buy Now | -5.45% | Keefe, Bruyette & Woods | Bose George | $12 → $13 | Maintains | Market Perform | Get Alert |
| 04/24/2023 | Buy Now | -12.73% | Keefe, Bruyette & Woods | Bose George | $14 → $12 | Maintains | Market Perform | Get Alert |
| 04/21/2023 | Buy Now | -9.09% | JMP Securities | Trevor Cranston | $15 → $12.5 | Maintains | Outperform | Get Alert |
| 02/17/2023 | Buy Now | — | BTIG | Eric Hagen | — | Downgrade | Buy → Neutral | Get Alert |
| 02/07/2023 | Buy Now | 9.09% | Piper Sandler | Kevin Barker | $16 → $15 | Downgrade | Overweight → Neutral | Get Alert |
| 11/30/2022 | Buy Now | — | JonesTrading | Jason Stewart | — | Downgrade | Buy → Hold | Get Alert |
| 10/25/2022 | Buy Now | 9.09% | B. Riley Securities | Matt Howlett | $18 → $15 | Maintains | Buy | Get Alert |
| 10/20/2022 | Buy Now | 9.09% | JMP Securities | Trevor Cranston | $16 → $15 | Maintains | Market Outperform | Get Alert |
| 09/30/2022 | Buy Now | 12.73% | Piper Sandler | Kevin Barker | $18 → $15.5 | Maintains | Overweight | Get Alert |
| 07/01/2022 | Buy Now | 30.91% | B. Riley Securities | Matt Howlett | $21 → $18 | Maintains | Buy | Get Alert |
| 06/28/2022 | Buy Now | 23.64% | Piper Sandler | Kevin Barker | $18 → $17 | Maintains | Overweight | Get Alert |
| 05/06/2022 | Buy Now | 30.91% | JonesTrading | Jason Stewart | $18.5 → $18 | Maintains | Buy | Get Alert |
| 04/26/2022 | Buy Now | 30.91% | JMP Securities | Trevor Cranston | $22 → $18 | Maintains | Market Outperform | Get Alert |
| 04/05/2022 | Buy Now | 34.55% | Piper Sandler | Kevin Barker | $19 → $18.5 | Maintains | Overweight | Get Alert |
| 01/07/2022 | Buy Now | 49.09% | JonesTrading | Jason Stewart | → $20.5 | Initiates | → Buy | Get Alert |
| 01/07/2022 | Buy Now | 34.55% | BTIG | Eric Hagen | → $18.5 | Upgrade | Neutral → Buy | Get Alert |
| 11/09/2021 | Buy Now | 43.64% | Keefe, Bruyette & Woods | Bose George | — | Downgrade | Outperform → Market Perform | Get Alert |
| 10/18/2021 | Buy Now | 60% | JMP Securities | — | — | Maintains | Market Outperform | Get Alert |
| 09/09/2021 | Buy Now | 67.27% | B. Riley Securities | — | — | Initiates | → Buy | 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 Piper Sandler on May 9, 2024. The analyst firm set a price target for $15.00 expecting PMT to rise to within 12 months (a possible 9.09% upside). 10 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 Piper Sandler, and PennyMac Mortgage IT reiterated their neutral rating.
When was the last upgrade for PennyMac Mortgage IT (PMT)?
The last upgrade for PennyMac Mortgage Investment Trust happened on January 7, 2022 when BTIG raised their price target to $18.5. BTIG previously had a neutral 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 May 9, 2024 so you should expect the next rating to be made available sometime around May 9, 2025.
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 $14.50 to $15.00. The current price PennyMac Mortgage IT (PMT) is trading at is $13.75, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.