Is Pennantpark Investment Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NYSE: PNNT) stock is to Buy PNNT stock.
Out of 2 analysts, 1 (50%) are recommending PNNT as a Strong Buy, 0 (0%) are recommending PNNT as a Buy, 1 (50%) are recommending PNNT as a Hold, 0 (0%) are recommending PNNT as a Sell, and 0 (0%) are recommending PNNT as a Strong Sell.
What is PNNT's forecast return on equity (ROE) for 2023-2024?
(NYSE: PNNT) forecast ROE is 9.34%, which is considered weak.
What is PNNT's Price Target?
According to 2 Wall Street analysts that have issued a 1 year PNNT price target, the average PNNT price target is $6.25, with the highest PNNT stock price forecast at $7.00 and the lowest PNNT stock price forecast at $5.50.
On average, Wall Street analysts predict that Pennantpark Investment's share price could reach $6.25 by Feb 13, 2024. The average Pennantpark Investment stock price prediction forecasts a potential upside of 9.65% from the current PNNT share price of $5.70.
What is PNNT's forecast return on assets (ROA) for 2023-2024?
(NYSE: PNNT) forecast ROA is 3.81%, which is lower than the forecast US Asset Management industry average of 5.94%.
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