Planet Fitness, Inc. Common Sto (NYSE:PLNT):
Planet Fitness, Inc. Announces Third Quarter 2016 Results.
The company is now down by -1.40% since yesterday’s close of $21.46.
Company shares last traded at $21.16 just above $19.94, the 50 day moving average and a bit higher than the 200 day moving average of $19.05. The 50 day moving average was up $1.22 or +6.12% whereas the 200 day moving average was up $2.11 or +11.05%.
As of the latest earnings report the EPS was $-0.23 and is projected to be $0.47 for the current year with 98,579,000 shares currently outstanding. Next quarter’s EPS is expected be $0.17 with next year’s EPS anticipated to be $0.79.
Several investment firms have released opinions on the stock recently. On August 15 Imperial Capital left the company rating at “Outperform” but moved up the price target to $25.00 from $22.00. On June 6, 2016 JP Morgan began coverage of the stock by announcing an initial rating of “Overweight” and projecting a price target of $22.00.
May 12 investment analysts at Imperial Capital left the stock rating at “Outperform” and raised the price expectation from $21.00 to $22.00. Imperial Capital started covering the stock giving it an initial rating of “Outperform” and a price target of $21.00.
On January 4 analysts at Roth Capital began coverage of PLNT with an initial rating of “Buy” and setting a price target of $18.00. Equity analyst Stephens & Co. added the stock to its research portfolio setting a rating of “Equal-weight” and price target of $19.00.