Planet Fitness (PLNT) May Have Just Reached An Inflection Point; Imperial Capital Downgrades Shares

May 18, 2018 - By Lindsey Sherman

Planet Fitness, Inc. (NYSE:PLNT) Logo

Planet Fitness (PLNT) Receives a Downgrade

Imperial Capital has just cut their rating on shares of Planet Fitness (PLNT) to a Hold and currently has a $40.0000 TP on the stock. This was issued to investors and clients in a research note on Friday, 18 May.

Planet Fitness, Inc. (NYSE:PLNT) Ratings Coverage

Among 9 analysts covering Planet Fitness (PLNT), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Planet Fitness has $47.0 highest and $35.0 lowest target. $41.33’s average target is 1.05% above currents $40.9 stock price. Planet Fitness had 15 analyst reports since November 21, 2017 according to SRatingsIntel. Piper Jaffray maintained the shares of PLNT in report on Sunday, February 25 with “Buy” rating. The rating was reinitiated by PiperJaffray on Monday, December 18 with “Overweight”. Roth Capital maintained the shares of PLNT in report on Tuesday, February 20 with “Buy” rating. The rating was maintained by Bank of America on Thursday, February 1 with “Buy”. The stock has “Buy” rating by Roth Capital on Thursday, March 1. The stock of Planet Fitness, Inc. (NYSE:PLNT) has “Buy” rating given on Thursday, February 22 by Robert W. Baird. The company was maintained on Monday, February 12 by Robert W. Baird. The stock of Planet Fitness, Inc. (NYSE:PLNT) has “Buy” rating given on Monday, December 18 by Piper Jaffray. The firm has “Hold” rating by Jefferies given on Tuesday, January 2. The stock has “Buy” rating by Guggenheim on Friday, February 23.

The stock increased 0.37% or $0.15 during the last trading session, reaching $40.9. About 980,508 shares traded. Planet Fitness, Inc. (PLNT) has risen 95.82% since May 18, 2017 and is uptrending. It has outperformed by 84.27% the S&P500.

Analysts await Planet Fitness, Inc. (NYSE:PLNT) to report earnings on August, 8. They expect $0.31 EPS, up 40.91 % or $0.09 from last year’s $0.22 per share. PLNT’s profit will be $30.50M for 32.98 P/E if the $0.31 EPS becomes a reality. After $0.27 actual EPS reported by Planet Fitness, Inc. for the previous quarter, Wall Street now forecasts 14.81 % EPS growth.

Planet Fitness, Inc., through its subsidiaries, franchises and operates fitness centers. The company has market cap of $4.02 billion. It operates through three divisions: Franchise, Corporate-Owned Stores, and Equipment. It has a 97.38 P/E ratio. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, and the Dominican Republic.

More important recent Planet Fitness, Inc. (NYSE:PLNT) news were published by: Benzinga.com which released: “The Market In 5 Minutes: Ebola, Icahn, NAFTA, Semis And More” on May 18, 2018, also Globenewswire.com published article titled: “Analysis: Positioning to Benefit within InnerWorkings, Planet Fitness, Huntington Bancshares, Univar, Expedia, and …”, Investorplace.com published: “Planet Fitness Inc Stock Looks Dangerous — Both Long and Short” on April 24, 2018. More interesting news about Planet Fitness, Inc. (NYSE:PLNT) was released by: Streetinsider.com and their article: “Imperial Capital Downgrades Planet Fitness (PLNT) to In-Line Citng a Need for the Equity Reset Following a ‘Great Run'” with publication date: May 18, 2018.

Planet Fitness, Inc. (NYSE:PLNT) Ratings Chart

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