PennantPark Investment Corp. Given New $12.00 Price Target at Keefe, Bruyette & Woods (PNNT)
Equities research analysts at Keefe, Bruyette & Woods raised their price target on shares of PennantPark Investment Corp. (NASDAQ:PNNT) from $11.75 to $12.00 in a research note issued to investors on Thursday. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 6.67% from the company’s current price.
PennantPark Investment Corp. (NASDAQ:PNNT) traded up 0.98% during mid-day trading on Thursday, hitting $11.36. 229,656 shares of the company’s stock traded hands. PennantPark Investment Corp. has a 52-week low of $10.33 and a 52-week high of $12.19. The stock has a 50-day moving average of $11.3 and a 200-day moving average of $11.1.
PennantPark Investment Corp. (NASDAQ:PNNT) last announced its earnings results on Tuesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.01. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, analysts predict that PennantPark Investment Corp. will post $1.14 earnings per share for the current fiscal year.
PennantPark Investment Corporation (NASDAQ:PNNT) is a business development company focused to generate both income and capital appreciation through debt and equity investments in the United States middle-market companies in the form of senior secured loans, mezzanine debt and equity investments.
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