Planet Fitness (PLNT) Receives a Lower Rating From Imperial Capital. Will This be Detrimental to the Share Price?

May 18, 2018 - By Darrin Black

Planet Fitness, Inc. (NYSE:PLNT) Logo

Planet Fitness (PLNT) Receives a Downgrade

In a research report issued on Friday morning, Imperial Capital lowered their rating for shares of Planet Fitness (PLNT) to a Hold and they now have a $40.0000 target price per share on the stock. Imperial Capital’s target price per share gives a possible downside of -2.20 % from the previous stock close of Planet Fitness (PLNT).

Planet Fitness, Inc. (NYSE:PLNT) Ratings Coverage

Among 9 analysts covering Planet Fitness (PLNT), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Planet Fitness has $47.0 highest and $35.0 lowest target. $41.33’s average target is 1.05% above currents $40.9 stock price. Planet Fitness had 15 analyst reports since November 21, 2017 according to SRatingsIntel. The company was maintained on Thursday, February 22 by Robert W. Baird. Cowen & Co maintained the stock with “Buy” rating in Tuesday, January 9 report. The firm has “Buy” rating given on Thursday, February 1 by Bank of America. The stock has “Buy” rating by Roth Capital on Tuesday, February 20. PiperJaffray reinitiated the stock with “Overweight” rating in Monday, December 18 report. Robert W. Baird maintained the stock with “Buy” rating in Monday, February 12 report. The stock of Planet Fitness, Inc. (NYSE:PLNT) earned “Hold” rating by Jefferies on Friday, February 23. As per Tuesday, January 2, the company rating was downgraded by Jefferies. As per Monday, December 18, the company rating was initiated by Piper Jaffray. The stock of Planet Fitness, Inc. (NYSE:PLNT) earned “Buy” rating by Cowen & Co on Friday, February 23.

The stock increased 0.37% or $0.15 during the last trading session, reaching $40.9. About 980,508 shares traded. Planet Fitness, Inc. (PLNT) has risen 95.82% since May 18, 2017 and is uptrending. It has outperformed by 84.27% the S&P500.

Analysts await Planet Fitness, Inc. (NYSE:PLNT) to report earnings on August, 8. They expect $0.31 EPS, up 40.91 % or $0.09 from last year’s $0.22 per share. PLNT’s profit will be $30.50M for 32.98 P/E if the $0.31 EPS becomes a reality. After $0.27 actual EPS reported by Planet Fitness, Inc. for the previous quarter, Wall Street now forecasts 14.81 % EPS growth.

Planet Fitness, Inc., through its subsidiaries, franchises and operates fitness centers. The company has market cap of $4.02 billion. It operates through three divisions: Franchise, Corporate-Owned Stores, and Equipment. It has a 97.38 P/E ratio. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, and the Dominican Republic.

More important recent Planet Fitness, Inc. (NYSE:PLNT) news were published by: which released: “Imperial Capital Downgrades Planet Fitness (PLNT) to In-Line Citng a Need for the Equity Reset Following a ‘Great Run'” on May 18, 2018, also published article titled: “The Market In 5 Minutes: Ebola, Icahn, NAFTA, Semis And More”, published: “Analysis: Positioning to Benefit within InnerWorkings, Planet Fitness, Huntington Bancshares, Univar, Expedia, and …” on May 11, 2018. More interesting news about Planet Fitness, Inc. (NYSE:PLNT) was released by: and their article: “Planet Fitness Inc Stock Looks Dangerous — Both Long and Short” with publication date: April 24, 2018.

Planet Fitness, Inc. (NYSE:PLNT) Ratings Chart

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