In a report released today, John Heinbockel from Guggenheim maintained a Buy rating on Planet Fitness (NYSE: PLNT), with a price target of $57. The company’s shares closed on Friday at $50.27, close to its 52-week high of $53.41.
According to TipRanks.com, Heinbockel is a 4-star analyst with an average return of 17.1% and a 64.2% success rate. Heinbockel covers the Services sector, focusing on stocks such as Performance Food Group, US Food Holdings Corp, and United Natural Foods.
Planet Fitness has an analyst consensus of Strong Buy, with a price target consensus of $54.33, implying an 8.1% upside from current levels. In a report issued on September 20, Robert W. Baird also maintained a Buy rating on the stock with a $60 price target.
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The company has a one-year high of $53.41 and a one-year low of $25.55. Currently, Planet Fitness has an average volume of 959.1K.
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Planet Fitness, Inc. engages in the operation and franchise of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company’s franchising business in the U.S., Puerto Rico, Canada, the Dominican Republic, and Panama.
