It May Be Time to Sell Shares of Planet Fitness (PLNT) as Imperial Capital Has Downgraded The Company

May 18, 2018 - By Hazel Jackson

Planet Fitness, Inc. (NYSE:PLNT) Logo

Planet Fitness (PLNT) Receives a Downgrade

In an analyst report published on 18 May, Imperial Capital has decided to downgraded their rating on shares of Planet Fitness (PLNT) to a Hold and has set a 12month PT equal to $40.0000. This target is -2.20 % from PLNT’s current share price.

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. Cowen & Co maintained the shares of PLNT in report on Tuesday, January 9 with “Buy” rating. The stock of Planet Fitness, Inc. (NYSE:PLNT) has “Buy” rating given on Monday, February 12 by Robert W. Baird. The stock has “Buy” rating by Cowen & Co on Friday, February 23. The firm earned “Hold” rating on Tuesday, January 2 by Jefferies. Robert W. Baird maintained Planet Fitness, Inc. (NYSE:PLNT) on Thursday, February 22 with “Buy” rating. Roth Capital maintained it with “Buy” rating and $41.0 target in Thursday, March 1 report. The rating was maintained by Jefferies with “Hold” on Friday, February 23. Roth Capital maintained Planet Fitness, Inc. (NYSE:PLNT) rating on Tuesday, February 20. Roth Capital has “Buy” rating and $36.0 target. The company was maintained on Thursday, February 1 by Bank of America. As per Sunday, February 25, the company rating was maintained by Piper Jaffray.

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 earnings per share, up 40.91 % or $0.09 from last year’s $0.22 per share. PLNT’s profit will be $30.50 million for 32.98 P/E if the $0.31 EPS becomes a reality. After $0.27 actual earnings per share 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: Investorplace.com which released: “Planet Fitness Inc Stock Looks Dangerous — Both Long and Short” on April 24, 2018, also Globenewswire.com published article titled: “Analysis: Positioning to Benefit within InnerWorkings, Planet Fitness, Huntington Bancshares, Univar, Expedia, and …”, Streetinsider.com published: “Imperial Capital Downgrades Planet Fitness (PLNT) to In-Line Citng a Need for the Equity Reset Following a ‘Great Run'” on May 18, 2018. More interesting news about Planet Fitness, Inc. (NYSE:PLNT) was released by: Benzinga.com and their article: “The Market In 5 Minutes: Ebola, Icahn, NAFTA, Semis And More” with publication date: May 18, 2018.

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

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