$11.42
0.04[0.35%]
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PennantPark Floating Rate
(NYSE:PFLT)PennantPark Floating Rate Stock (NYSE:PFLT), Analyst Ratings, Price Targets, Predictions
PennantPark Floating Rate Capital Ltd has a consensus price target of $12.5, established from looking at the 8 latest analyst ratings. The last 3 analyst ratings were released from JMP Securities, JMP Securities, and UBS on March 26, 2024, January 18, 2024, and June 8, 2023. With an average price target of $12 between JMP Securities, JMP Securities, and UBS, there's an implied 5.08% upside for PennantPark Floating Rate Capital Ltd from these 3 analyst ratings.
Analyst Firms Making Recommendations1
JMP Securities
UBS
Truist Securities
JMP Securities
Ladenburg Thalmann
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for PennantPark Floating Rate
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 03/26/2024 | PFLT | Buy Now | PennantPark Floating Rate | $11.42 | 9.46% | JMP Securities | Kevin Fitzsimmons | → $12.5 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 01/18/2024 | PFLT | Buy Now | PennantPark Floating Rate | $11.42 | 9.46% | JMP Securities | Kevin Fitzsimmons | $12 → $12.5 | Maintains | Market Outperform | Get Alert |
| 06/08/2023 | PFLT | Buy Now | PennantPark Floating Rate | $11.42 | -3.68% | UBS | Vilas Abraham | → $11 | Initiates | → Neutral | Get Alert |
| 05/15/2023 | PFLT | Buy Now | PennantPark Floating Rate | $11.42 | 5.08% | JMP Securities | Kevin Fitzsimmons | $12 → $12 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 03/13/2023 | PFLT | Buy Now | PennantPark Floating Rate | $11.42 | 5.08% | JMP Securities | Kevin Fitzsimmons | → $12 | Reiterates | → Market Outperform | Get Alert |
| 02/13/2023 | PFLT | Buy Now | PennantPark Floating Rate | $11.42 | 5.08% | Truist Securities | Mark Hughes | $13 → $12 | Maintains | Buy | Get Alert |
| 05/16/2022 | PFLT | Buy Now | PennantPark Floating Rate | $11.42 | 18.21% | JMP Securities | Devin Ryan | $14.5 → $13.5 | Maintains | Market Outperform | Get Alert |
| 08/09/2021 | PFLT | Buy Now | PennantPark Floating Rate | $11.42 | 18.21% | Ladenburg Thalmann | Mickey Schlelen | — | Downgrade | Buy → Neutral | Get Alert |
FAQ
What is the target price for PennantPark Floating Rate (PFLT)?
The latest price target for PennantPark Floating Rate (NYSE: PFLT) was reported by JMP Securities on March 26, 2024. The analyst firm set a price target for $12.50 expecting PFLT to rise to within 12 months (a possible 9.46% upside). 4 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for PennantPark Floating Rate (PFLT)?
The latest analyst rating for PennantPark Floating Rate (NYSE: PFLT) was provided by JMP Securities, and PennantPark Floating Rate reiterated their market outperform rating.
When was the last upgrade for PennantPark Floating Rate (PFLT)?
There is no last upgrade for PennantPark Floating Rate.
When was the last downgrade for PennantPark Floating Rate (PFLT)?
The last downgrade for PennantPark Floating Rate Capital Ltd happened on August 9, 2021 when Ladenburg Thalmann changed their price target from N/A to $13.5 for PennantPark Floating Rate Capital Ltd.
When is the next analyst rating going to be posted or updated for PennantPark Floating Rate (PFLT)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of PennantPark Floating Rate, 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 PennantPark Floating Rate was filed on March 26, 2024 so you should expect the next rating to be made available sometime around March 26, 2025.
Is the Analyst Rating PennantPark Floating Rate (PFLT) correct?
While ratings are subjective and will change, the latest PennantPark Floating Rate (PFLT) rating was a reiterated with a price target of $0.00 to $12.50. The current price PennantPark Floating Rate (PFLT) is trading at is $11.42, which is within the analyst’s predicted range.
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