Performant Financial Corp. Given New $10.50 Price Target at SunTrust (PFMT)
Equities research analysts at SunTrust lowered their price objective on shares of Performant Financial Corp. (NASDAQ:PFMT) from $11.25 to $10.50 in a research note issued to investors on Wednesday, Stock Ratings News reports. The firm currently has a “neutral” rating on the stock. SunTrust’s price target suggests a potential upside of 12.18% from the stock’s previous close.
A number of other analysts have also recently weighed in on PFMT. Analysts at Compass Point cut their price target on shares of Performant Financial Corp. from $15.00 to $14.00 in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. Separately, analysts at TheStreet initiated coverage on shares of Performant Financial Corp. in a research note to investors on Thursday, September 12th. They set a “hold” rating on the stock.
Shares of Performant Financial Corp. (NASDAQ:PFMT) traded down 1.99% on Wednesday, hitting $9.36. 154,220 shares of the company’s stock traded hands. Performant Financial Corp. has a 1-year low of $7.55 and a 1-year high of $14.09. The stock’s 50-day moving average is $10.70 and its 200-day moving average is $11.01. The company has a market cap of $448.9 million and a price-to-earnings ratio of 18.44.
Performant Financial Corporation (NASDAQ:PFMT) provide technology-enabled recovery and related analytics services in the United States.
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