In a report released yesterday, Randal Konik from Jefferies reiterated a Hold rating on Planet Fitness (NYSE: PLNT), with a price target of $49. The company’s shares closed yesterday at $48.79, close to its 52-week high of $50.73.
According to TipRanks.com, Konik is a 5-star analyst with an average return of 8.4% and a 57.6% success rate. Konik covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Urban Outfitters, and Foot Locker Inc.
Currently, the analyst consensus on Planet Fitness is a Strong Buy with an average price target of $50.63.
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The company has a one-year high of $50.73 and a one-year low of $23.49. Currently, Planet Fitness has an average volume of 1.03M.
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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.