PennyMac Mortgage (PMT) Gets a Hold Rating from KBW
KBW analyst Bose George reiterated a Hold rating on PennyMac Mortgage (PMT) on February 8 and set a price target of $22. The company’s shares opened today at $20.67, close to its 52-week high of $21.41.
According to TipRanks.com, George is a 5-star analyst with an average return of 12.9% and a 71.9% success rate. George covers the Financial sector, focusing on stocks such as AGNC Investment Corp, MGIC Investment, and Ocwen Financial.
The word on The Street in general, suggests a Hold analyst consensus rating for PennyMac Mortgage with a $19 average price target.
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The company has a one-year high of $21.41 and a one-year low of $16.48. Currently, PennyMac Mortgage has an average volume of 410.5K.
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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.