Berenberg Bank analyst Alex Maroccia reiterated a Hold rating on Planet Fitness (NYSE:) on Monday, setting a price target of $64, which is approximately 4.75% below the present share price of $67.19.
Maroccia expects Planet Fitness to post earnings per share (EPS) of -$0.36 for the fourth quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Planet Fitness, with an average price target of $75.13.
The analysts price targets range from a high of $82 to a low of $64.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $40.23 million and a net profit of -$22.72 million. The company’s market cap is $5.81 billion.
According to TipRanks.com, Berenberg Bank analyst Alex Maroccia is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.8% and a 81.16% success rate.
Planet Fitness, Inc. engages in the operation and franchise of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company’s franchising business in the U.S., Puerto Rico, Canada, the Dominican Republic, and Panama. The Corporate-Owned Stores segment deals with the operations with respect to all corporate-owned stores throughout the U.S. and Canada. The Equipment segment sells equipment to franchisee-owned stores. The company was founded by Michael Grondahl and Marc Grondahl in 1992 and is headquartered in Newington, NH.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.