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.
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