At the time of writing, Pinnacle Financial Partners Inc [PNFP] stock is trading at $122.58, up 15.27%. 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 15.14% over the last week, with a monthly amount glided 30.45%, 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 October 01, 2024, when Wells Fargo downgraded its rating to a Equal Weight but kept the price target unchanged to $100 for it. Previously, Hovde Group reaffirmed its Outperform rating on September 27, 2024, and elevated its price target to $114. On July 18, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $98 on the stock. Hovde Group reiterated its Outperform rating and decreased its price target to $99 on April 23, 2024. Barclays initiated its recommendation with a Equal Weight and recommended $93 as its price target on March 08, 2024. Citigroup started tracking with a Buy rating for this stock on December 01, 2023, and assigned it a price target of $86. In a note dated October 10, 2023, Jefferies upgraded an Hold rating on this stock but restated the target price of $71.
For the past year, the stock price of Pinnacle Financial Partners Inc fluctuated between $63.77 and $108.43. Currently, Wall Street analysts expect the stock to reach $108.8 within the next 12 months. Pinnacle Financial Partners Inc [NASDAQ: PNFP] shares were valued at $122.58 at the most recent close of the market. An investor can expect a potential drop of -11.24% based on the average PNFP price forecast.
Analyzing the PNFP fundamentals
According to Pinnacle Financial Partners Inc [NASDAQ:PNFP], the company’s sales were 2.93B for trailing twelve months, which represents an 14.22% jump. Gross Profit Margin for this corporation currently stands at 1.09% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.44.
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 116.75 points at the first support level, and at 110.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 125.68, and for the 2nd resistance point, it is at 128.79.
Ratios To Look Out For
It is important to note that Pinnacle Financial Partners Inc [NASDAQ:PNFP] has a current ratio of 0.37. Considering the valuation of this stock, the price to sales ratio is 3.24, the price to book ratio is 1.54 and price to earnings (TTM) ratio is 23.29.
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.
