Raymond James Downgrade Planet Fitness Inc. [PLNT]. What else is Wall St. saying?

Planet Fitness Inc. [NYSE: PLNT] loss -3.03% or -2.09 points to close at $66.93 with a heavy trading volume of 1176663 shares. It opened the trading session at $69.31, the shares rose to $69.57 and dropped to $66.88, the range by which the price of stock traded the whole day. The daily chart for PLNT points out that the company has recorded -8.83% loss over the past six months. However, it is still -181.57% lower than its most recent low trading price.

If we look at the average trading volume of 3.11M shares, PLNT reached to a volume of 1176663 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Planet Fitness Inc. [PLNT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLNT shares is $74.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLNT stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for Planet Fitness Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on June 04, 2020. While these analysts kept the previous recommendation, DA Davidson raised their target price from $70 to $86. The new note on the price target was released on June 03, 2020, representing the official price target for Planet Fitness Inc. stock. Previously, the target price had yet another raise to $58, while ROTH Capital analysts kept a Neutral rating on PLNT stock.

The Average True Range (ATR) for Planet Fitness Inc. is set at 4.41, with the Price to Sales ratio for PLNT stock in the period of the last 12 months amounting to 8.46. Price to Free Cash Flow for PLNT in the course of the last twelve months was 35.30 with Quick ratio for the last quarter at 3.70.

Trading performance analysis for PLNT stock

Planet Fitness Inc. [PLNT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.19. With this latest performance, PLNT shares gained by 16.00% in over the last four-week period, additionally sinking by -8.83% over the last 6 months – not to mention a drop of -16.57% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLNT stock in for the last two-week period is set at 52.28, with the RSI for the last a single of trading hit 48.12, and the three-weeks RSI is set at 53.23 for Planet Fitness Inc. [PLNT]. The present Moving Average for the last 50 days of trading for this stock 60.88, while it was recorded at 67.35 for the last single week of trading, and 65.46 for the last 200 days.

Planet Fitness Inc. [PLNT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Planet Fitness Inc. [PLNT] shares currently have an operating margin of +33.84 and a Gross Margin at +45.55. Planet Fitness Inc.’s Net Margin is presently recorded at +17.09.

Return on Total Capital for PLNT is now 23.83, given the latest momentum, and Return on Invested Capital for the company is 12.26. Additionally, PLNT Total Debt to Total Capital is recorded at 160.46, with Total Debt to Total Assets ending up at 109.19.

Reflecting on the efficiency of the workforce at the company, Planet Fitness Inc. [PLNT] managed to generate an average of $67,836 per employee. Receivables Turnover for the company is 12.44 with a Total Asset Turnover recorded at a value of 0.45.Planet Fitness Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.70 and a Current Ratio set at 3.70.

Planet Fitness Inc. [PLNT]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Planet Fitness Inc. posted 0.45/share EPS, while the average EPS was predicted by analysts to be reported at 0.41/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PLNT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Planet Fitness Inc. go to 14.70%.

An analysis of insider ownership at Planet Fitness Inc. [PLNT]

There are presently around $5,970 million, in the hands of institutional investors. The top three institutional holders of PLNT stocks are: VANGUARD GROUP INC with ownership of 8,596,164, which is approximately 3.088% of the company’s market cap and around 0.10% of the total institutional ownership; FMR LLC, holding 7,544,366 shares of the stock with an approximate value of $520.71 million in PLNT stocks shares; and BLACKROCK INC., currently with $367.42 million in PLNT stock with ownership of nearly 4.062% of the company’s market capitalization.

Positions in Planet Fitness Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 172 institutional holders increased their position in Planet Fitness Inc. [NYSE:PLNT] by around 21,653,216 shares. Additionally, 180 investors decreased positions by around 16,881,713 shares, while 23 investors held positions by with 47,961,508 shares. The mentioned changes placed institutional holdings at 86,496,437 shares, according to the latest SEC report filing. PLNT stock had 64 new institutional investments in for a total of 4,066,747 shares, while 76 institutional investors sold positions of 4,999,325 shares during the same period.

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