Market Overview

Planet Fitness Still In Excellent Shape; Imperial Maintains Outperform Rating

Share:
Planet Fitness Still In Excellent Shape; Imperial Maintains Outperform Rating
Related PLNT
20 Stocks Moving In Friday's Pre-Market Session
70 Biggest Movers From Yesterday

Imperial Capital maintains its Outperform rating on Planet Fitness Inc (NYSE: PLNT) after the fitness center chain reported solid quarterly results.

Planet Fitness reported fourth-quarter revenue and EBITDA above consensus. The company also guided 2017 revenue consistent with consensus, while EBITDA forecast topped Street.

“We see a lot to like in PLNT; big long-term unit growth potential, steady same-store sales, high incremental margin, and likely de-leveraging. We see added upside should PLNT scale its international operations, raise dues, or add advertising or branded products,” analyst George Kelly wrote in a note.

Related Link: 5 Must-Watch Stocks For Today

Planet Fitness is expanding to Panama in late 2017 and exploring other Latin and South American countries, with Mexico is most likely in the near-term.

Shares of Planet Fitness closed Thursday’s regular trading at $21.17. Kelly has a price target of $24.

Image Credit: By Anthony92931 - Own work, CC BY-SA 3.0, via Wikimedia Commons

Latest Ratings for PLNT

DateFirmActionFromTo
Nov 2018MacquarieDowngradesOutperformNeutral
Sep 2018GuggenheimMaintainsBuyBuy
Aug 2018JP MorganDowngradesOverweightNeutral

View More Analyst Ratings for PLNT
View the Latest Analyst Ratings

Posted-In: Analyst Color Earnings Long Ideas News Guidance Price Target Reiteration Analyst Ratings Best of Benzinga

 

Related Articles (PLNT)

View Comments and Join the Discussion!

8 Biggest Price Target Changes For Friday

Why Nomura Initiated Snap At Reduce With A $16 Price Target