PennyMac Financial Services Inc. (PFSI) stock forecast: Can it reach its 52-week high of $105.94

A share price of PennyMac Financial Services Inc. [PFSI] is currently trading at $108.00, up 2.61%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PFSI shares have gain 5.48% over the last week, with a monthly amount glided 13.30%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

PennyMac Financial Services Inc. [NYSE: PFSI] stock has seen the most recent analyst activity on July 22, 2024, when Keefe Bruyette downgraded its rating to a Mkt Perform but kept the price target unchanged to $102 for it. Previously, Keefe Bruyette upgraded its rating to Outperform on April 09, 2024, and elevated its price target to $105. On January 10, 2024, Deutsche Bank initiated with a Buy rating and assigned a price target of $115 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform. UBS initiated its recommendation with a Neutral and recommended $85 as its price target on December 06, 2023. Barclays started tracking with a Overweight rating for this stock on November 15, 2023, and assigned it a price target of $82. In a note dated October 02, 2023, Keefe Bruyette upgraded an Outperform rating on this stock and boosted its target price from $77 to $81.

PennyMac Financial Services Inc. experienced fluctuations in its stock price throughout the past year between $62.15 and $105.94. Currently, Wall Street analysts expect the stock to reach $100.67 within the next 12 months. PennyMac Financial Services Inc. [NYSE: PFSI] shares were valued at $108.00 at the most recent close of the market. An investor can expect a potential drop of -6.79% based on the average PFSI price forecast.

Analyzing the PFSI fundamentals

Trailing Twelve Months sales for PennyMac Financial Services Inc. [NYSE:PFSI] were 3.19B which represents 11.04% growth. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.23.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 105.34 points at the first support level, and at 102.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.51, and for the 2nd resistance point, it is at 111.02.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 1.73, the price to book ratio is 1.50 and price to earnings (TTM) ratio is 29.86.

Transactions by insiders

Recent insider trading involved Hunt James K, Director, that happened on Aug 27 ’24 when 10000.0 shares were sold. Director, MCCALLION ANNE completed a deal on Aug 26 ’24 to sell 23829.0 shares. Meanwhile, Director MCCALLION ANNE bought 23829.0 shares on Aug 26 ’24.

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