Pinnacle Financial Partners Inc. [PNFP] stock prices are down -0.24% to $99.75 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PNFP shares have gain 4.58% over the last week, with a monthly amount glided 6.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Pinnacle Financial Partners Inc. [NASDAQ: PNFP] stock has seen the most recent analyst activity on July 18, 2024, when Piper Sandler downgraded its rating to a Neutral and also boosted its price target to $98 from $95. Previously, Hovde Group reaffirmed its Outperform rating on April 23, 2024, and dropped its price target to $99. On March 08, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $93 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $86 on December 01, 2023. Jefferies upgraded its rating to a Hold but $71 remained the price target by the analyst firm on October 10, 2023. Raymond James downgraded its rating to Mkt Perform for this stock on October 06, 2022. In a note dated July 11, 2022, Jefferies downgraded an Underperform rating on this stock and revised its target price from $85 to $66.
The stock price of Pinnacle Financial Partners Inc. [PNFP] has been fluctuating between $59.66 and $100.76 over the past year. Currently, Wall Street analysts expect the stock to reach $99 within the next 12 months. Pinnacle Financial Partners Inc. [NASDAQ: PNFP] shares were valued at $99.75 at the most recent close of the market. An investor can expect a potential drop of -0.75% based on the average PNFP price forecast.
Analyzing the PNFP fundamentals
The Pinnacle Financial Partners Inc. [NASDAQ:PNFP] reported sales of 2.83B for trailing twelve months, representing a surge of 7.34%. Gross Profit Margin for this corporation currently stands at 1.1% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.45.
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 98.71 points at the first support level, and at 97.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.58, and for the 2nd resistance point, it is at 101.41.
Ratios To Look Out For
It’s worth pointing out that Pinnacle Financial Partners Inc. [NASDAQ:PNFP]’s Current Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 2.73, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 19.58.
Transactions by insiders
Recent insider trading involved BURNS GREGORY L, Director, that happened on May 09 ’24 when 1500.0 shares were sold. CHAIRMAN, MCCABE ROBERT A JR completed a deal on Apr 25 ’24 to sell 0.12 million shares. Meanwhile, CEO TURNER M TERRY sold 72000.0 shares on Apr 25 ’24.
