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

Planet Fitness Inc. [NYSE: PLNT] jumped around 1.72 points on Friday, while shares priced at $67.60 at the close of the session, up 2.61%. The company report on September 17, 2020 that Planet Fitness Awards $225,000 In Scholarships To 45 Boys & Girls Club Youth For Their Efforts To Promote A Kinder And More Inclusive World.

Company deepens its commitment to supporting emotional health and wellbeing among youth.

Planet Fitness, Inc., one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, today announced the recipients of its annual Judgement Free Generation® scholarships, which recognize teens for their commitment to promoting inclusion, acceptance and kindness. Following a record number of applications, 45 deserving youth from Boys & Girls Clubs throughout the country were each awarded $5,000 for their inspiring efforts to create a brighter, more accepting future.

Planet Fitness Inc. stock is now -9.48% down from its year-to-date (YTD) trading value. PLNT Stock saw the intraday high of $68.62 and lowest of $65.90 per share. The company’s 52-week high price is 88.77, which means current price is +184.39% above from all time high which was touched on 02/19/20.

Compared to the average trading volume of 1.73M shares, PLNT reached a trading volume of 1466425 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $69.38 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 2.60, with the Price to Sales ratio for PLNT stock in the period of the last 12 months amounting to 10.84. Price to Free Cash Flow for PLNT in the course of the last twelve months was 117.03 with Quick ratio for the last quarter at 4.30.

How has PLNT stock performed recently?

Planet Fitness Inc. [PLNT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.65. With this latest performance, PLNT shares gained by 17.28% in over the last four-week period, additionally plugging by 24.77% over the last 6 months – not to mention a rise of 17.34% 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 66.80, with the RSI for the last a single of trading hit 72.37, and the three-weeks RSI is set at 62.28 for Planet Fitness Inc. [PLNT]. The present Moving Average for the last 50 days of trading for this stock 58.61, while it was recorded at 64.75 for the last single week of trading, and 62.67 for the last 200 days.

Planet Fitness Inc. [PLNT]: Deeper insight into the fundamentals

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 4.30 and a Current Ratio set at 4.30.

Earnings analysis for Planet Fitness Inc. [PLNT]

With the latest financial reports released by the company, Planet Fitness Inc. posted 0.36/share EPS, while the average EPS was predicted by analysts to be reported at 0.36/share. 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 7.90%.

Insider trade positions for Planet Fitness Inc. [PLNT]

There are presently around $5,999 million, in the hands of institutional investors. The top three institutional holders of PLNT stocks are: VANGUARD GROUP INC with ownership of 8,139,180, which is approximately -5.316% of the company’s market cap and around 0.10% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 8,060,267 shares of the stock with an approximate value of $544.87 million in PLNT stocks shares; and BLACKROCK INC., currently with $360.57 million in PLNT stock with ownership of nearly 0.199% of the company’s market capitalization.

Positions in Planet Fitness Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 155 institutional holders increased their position in Planet Fitness Inc. [NYSE:PLNT] by around 22,592,081 shares. Additionally, 175 investors decreased positions by around 20,448,725 shares, while 28 investors held positions by with 45,705,008 shares. The mentioned changes placed institutional holdings at 88,745,814 shares, according to the latest SEC report filing. PLNT stock had 63 new institutional investments in for a total of 7,588,180 shares, while 59 institutional investors sold positions of 4,947,550 shares during the same period.

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