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PennyMac Mortgage IT
(NYSE:PMT)PennyMac Mortgage IT Stock (NYSE:PMT), Analyst Ratings, Price Targets, Predictions
PennyMac Mortgage Investment Trust has a consensus price target of $14.17, established from looking at the 30 latest analyst ratings. The last 3 analyst ratings were released from JMP Securities, JMP Securities, and B. Riley Securities on April 19, 2024, April 18, 2024, and February 7, 2024. With an average price target of $15.33 between JMP Securities, JMP Securities, and B. Riley Securities, there's an implied 9.02% upside for PennyMac Mortgage Investment Trust from these 3 analyst ratings.
Analyst Firms Making Recommendations1
JMP Securities
B. Riley Securities
Deutsche Bank
UBS
Wedbush
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for PennyMac Mortgage IT
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/19/2024 | PMT | Buy Now | PennyMac Mortgage IT | $14.06 | 6.65% | JMP Securities | Trevor Cranston | → $15 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 04/18/2024 | PMT | Buy Now | PennyMac Mortgage IT | $14.06 | 6.65% | JMP Securities | Trevor Cranston | → $15 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 02/07/2024 | PMT | Buy Now | PennyMac Mortgage | $14.06 | 13.76% | B. Riley Securities | Matt Howlett | $15 → $16 | Maintains | Buy | Get Alert |
| 01/10/2024 | PMT | Buy Now | PennyMac Mortgage | $14.06 | 6.65% | Deutsche Bank | Mark Devries | → $15 | Initiates | → Hold | Get Alert |
| 12/06/2023 | PMT | Buy Now | PennyMac Mortgage | $14.06 | -4.02% | UBS | Douglas Harter | → $13.5 | Initiates | → Neutral | Get Alert |
| 10/30/2023 | PMT | Buy Now | PennyMac Mortgage | $14.06 | -0.46% | Wedbush | Jay McCanless | $13 → $14 | Maintains | Neutral | Get Alert |
| 07/31/2023 | PMT | Buy Now | PennyMac Mortgage | $14.06 | -0.46% | Credit Suisse | Douglas Harter | $15 → $14 | Maintains | Outperform | Get Alert |
| 07/21/2023 | PMT | Buy Now | PennyMac Mortgage | $14.06 | 6.65% | JMP Securities | Trevor Cranston | $12.5 → $15 | Maintains | Outperform | Get Alert |
| 05/08/2023 | PMT | Buy Now | PennyMac Mortgage | $14.06 | -7.57% | Wells Fargo | Noah Kaye | $15 → $13 | Maintains | Equal-Weight | Get Alert |
| 05/02/2023 | PMT | Buy Now | PennyMac Mortgage | $14.06 | -7.57% | Keefe, Bruyette & Woods | Bose George | $12 → $13 | Maintains | Market Perform | Get Alert |
| 04/24/2023 | PMT | Buy Now | PennyMac Mortgage | $14.06 | -14.68% | Keefe, Bruyette & Woods | Bose George | $14 → $12 | Maintains | Market Perform | Get Alert |
| 04/21/2023 | PMT | Buy Now | PennyMac Mortgage | $14.06 | -11.13% | JMP Securities | Trevor Cranston | $15 → $12.5 | Maintains | Outperform | Get Alert |
| 02/17/2023 | PMT | Buy Now | PennyMac Mortgage | $14.06 | — | BTIG | Eric Hagen | — | Downgrade | Buy → Neutral | Get Alert |
| 02/07/2023 | PMT | Buy Now | PennyMac Mortgage | $14.06 | 6.65% | Piper Sandler | Kevin Barker | $16 → $15 | Downgrade | Overweight → Neutral | Get Alert |
| 11/30/2022 | PMT | Buy Now | PennyMac Mortgage | $14.06 | — | JonesTrading | Jason Stewart | — | Downgrade | Buy → Hold | Get Alert |
| 10/25/2022 | PMT | Buy Now | PennyMac Mortgage | $14.06 | 6.65% | B. Riley Securities | Matt Howlett | $18 → $15 | Maintains | Buy | Get Alert |
| 10/20/2022 | PMT | Buy Now | PennyMac Mortgage | $14.06 | 6.65% | JMP Securities | Trevor Cranston | $16 → $15 | Maintains | Market Outperform | Get Alert |
| 09/30/2022 | PMT | Buy Now | PennyMac Mortgage | $14.06 | 10.2% | Piper Sandler | Kevin Barker | $18 → $15.5 | Maintains | Overweight | Get Alert |
| 07/01/2022 | PMT | Buy Now | PennyMac Mortgage | $14.06 | 27.98% | B. Riley Securities | Matt Howlett | $21 → $18 | Maintains | Buy | Get Alert |
FAQ
What is the target price for PennyMac Mortgage IT (PMT)?
The latest price target for PennyMac Mortgage IT (NYSE: PMT) was reported by JMP Securities on April 19, 2024. The analyst firm set a price target for $15.00 expecting PMT to rise to within 12 months (a possible 6.65% 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 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 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 April 19, 2024 so you should expect the next rating to be made available sometime around April 19, 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 $0.00 to $15.00. The current price PennyMac Mortgage IT (PMT) is trading at is $14.07, which is within the analyst’s predicted range.
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