Planet Health (NYSE:PLNT – Get Free Report) was upgraded by inventory analysts at StockNews.com from a “promote” ranking to a “maintain” ranking in a notice issued to buyers on Wednesday.
Numerous different analysis corporations have additionally weighed in on PLNT. DA Davidson reaffirmed a “impartial” ranking and set a $62.00 worth goal on shares of Planet Health in a report on Monday, February fifth. JPMorgan Chase & Co. dropped their worth goal on Planet Health from $75.00 to $72.00 and set a “impartial” ranking on the inventory in a report on Monday, February twenty sixth. Royal Financial institution of Canada upped their goal worth on Planet Health from $74.00 to $80.00 and gave the corporate an “outperform” ranking in a analysis report on Tuesday, March fifth. Piper Sandler raised their worth goal on shares of Planet Health from $88.00 to $89.00 and gave the inventory an “chubby” ranking in a analysis report on Thursday, January eleventh. Lastly, Stifel Nicolaus lower their worth goal on shares of Planet Health from $85.00 to $80.00 and set a “purchase” ranking on the inventory in a report on Friday, February twenty third. Six equities analysis analysts have rated the inventory with a maintain ranking, eight have issued a purchase ranking and one has assigned a robust purchase ranking to the corporate’s inventory. In response to knowledge from MarketBeat.com, the corporate presently has a consensus ranking of “Average Purchase” and a consensus worth goal of $71.00.
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Planet Health Inventory Efficiency
PLNT opened at $65.16 on Wednesday. Planet Health has a 1 yr low of $44.13 and a 1 yr excessive of $84.48. The corporate’s 50 day easy transferring common is $64.07 and its 200 day easy transferring common is $63.69. The inventory has a market capitalization of $5.75 billion, a PE ratio of 40.22, a P/E/G ratio of 1.27 and a beta of 1.39.
Planet Health (NYSE:PLNT – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, February twenty second. The corporate reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Planet Health had a detrimental return on fairness of 120.89% and a web margin of 12.91%. The corporate had income of $285.10 million through the quarter, in comparison with analyst estimates of $282.35 million. Throughout the identical interval within the prior yr, the agency posted $0.53 earnings per share. The agency’s income was up 1.4% on a year-over-year foundation. As a gaggle, sell-side analysts anticipate that Planet Health will publish 2.48 earnings per share for the present fiscal yr.
Institutional Traders Weigh In On Planet Health
Institutional buyers and hedge funds have lately modified their holdings of the inventory. Vanguard Group Inc. raised its stake in Planet Health by 2.5% through the 4th quarter. Vanguard Group Inc. now owns 8,076,794 shares of the corporate’s inventory valued at $589,606,000 after buying a further 196,809 shares through the interval. BlackRock Inc. elevated its holdings in shares of Planet Health by 34.8% within the 1st quarter. BlackRock Inc. now owns 7,184,140 shares of the corporate’s inventory valued at $606,915,000 after buying a further 1,852,867 shares through the interval. Cadian Capital Administration LP elevated its stake in Planet Health by 9.6% within the 4th quarter. Cadian Capital Administration LP now owns 4,430,368 shares of the corporate’s inventory valued at $323,417,000 after shopping for a further 386,861 shares through the interval. Financial institution of New York Mellon Corp boosted its stake in shares of Planet Health by 0.5% through the third quarter. Financial institution of New York Mellon Corp now owns 2,659,856 shares of the corporate’s inventory valued at $130,812,000 after shopping for a further 12,139 shares through the interval. Lastly, Dorsal Capital Administration LP acquired a brand new place in shares of Planet Health within the fourth quarter price $182,500,000. Institutional buyers and hedge funds personal 95.53% of the corporate’s inventory.
Planet Health Firm Profile
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Planet Health, Inc, along with its subsidiaries, franchises and operates health facilities beneath the Planet Health model. The corporate operates via three segments: Franchise, Company-Owned Shops, and Gear. The corporate is concerned in franchising enterprise in america, Puerto Rico, Canada, Panama, Mexico, and Australia.
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