PennyMac Mortgage (PMT) Got Some Good News


KBW analyst Bose George upgraded PennyMac Mortgage (PMT) to Buy yesterday and set a price target of $23. The company’s shares closed on Friday at $20.16.

According to TipRanks.com, George is a 5-star analyst with an average return of 13.3% and a 71.7% 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 $20.50 average price target.

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PennyMac Mortgage’s market cap is currently $1.23B and has a P/E ratio of 10.15. 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.