JMP Securities Reaffirms Their Buy Rating on PennyMac Mortgage (PMT)


In a report issued on February 25, Trevor Cranston from JMP Securities reiterated a Buy rating on PennyMac Mortgage (PMT), with a price target of $21. The company’s shares closed yesterday at $20.37.

Cranston has an average return of 16.8% when recommending PennyMac Mortgage.

According to TipRanks.com, Cranston is ranked #1349 out of 5215 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PennyMac Mortgage with a $21 average price target, implying a 3.1% upside from current levels. In a report issued on February 24, KBW also upgraded the stock to Buy with a $23 price target.

See today’s analyst top recommended stocks >>

PennyMac Mortgage’s market cap is currently $1.24B and has a P/E ratio of 10.26. The company has a Price to Book ratio of 0.98.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

PennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies and Corporate Activities.