In a report issued on August 3, Bose George from KBW reiterated a Hold rating on PennyMac Mortgage (NYSE: PMT), with a price target of $20. The company’s shares closed on Friday at $19.85, close to its 52-week high of $19.86.
According to TipRanks.com, George is a 5-star analyst with an average return of 13.6% and a 71.4% success rate. George covers the Financial sector, focusing on stocks such as Fidelity National Financial, MTGE Investment Corp, and Assured Guaranty Ltd.
PennyMac Mortgage has an analyst consensus of Hold, with a price target consensus of $20.
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PennyMac Mortgage’s market cap is currently $1.21B and has a P/E ratio of 13.88. The company has a Price to Book ratio of 0.97.
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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.
