PennantPark Floating Rate Capital - PFLT Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $12.00
  • Forecasted Upside: 5.45%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$11.38
▲ +0.1 (0.89%)

This chart shows the closing price for PFLT by one month, three months, or twelve months.

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Analyst Price Target for PFLT

Analyst Price Target is $12.00
▲ +5.45% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for PennantPark Floating Rate Capital in the last 3 months. The average price target is $12.00, with a high forecast of $12.00 and a low forecast of $12.00. The average price target represents a 5.45% upside from the last price of $11.38.

This chart shows the closing price for PFLT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 2 contributing investment analysts is to buy stock in PennantPark Floating Rate Capital. This rating has held steady since May 2024, when it changed from a Moderate Buy consensus rating.

Past Monthly Recommendations

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Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/20/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
8/18/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
11/16/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
2/14/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/14/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
8/12/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/11/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
11/10/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
8/12/2024Maxim GroupUpgradeHold ➝ Buy$12.00
7/30/2024JMP SecuritiesLower TargetMarket Outperform ➝ Market Outperform$12.50 ➝ $12.00
3/26/2024JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$12.50
1/18/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$12.00 ➝ $12.50
6/8/2023UBS GroupInitiated CoverageNeutral$11.00
3/13/2023JMP SecuritiesReiterated RatingMarket Outperform$12.00
2/13/2023Truist FinancialLower TargetBuy$13.00 ➝ $12.00
8/9/2021LADENBURG THALM/SH SHDowngradeBuy ➝ Neutral$13.50
7/9/2021OppenheimerInitiated CoverageMarket Perform$13.00
11/19/2020LADENBURG THALM/SH SHUpgradeNeutral ➝ Buy
8/11/2020Maxim GroupReiterated RatingHold
5/14/2020Maxim GroupReiterated RatingHold
5/13/2020JMP SecuritiesLower TargetMarket Outperform$13.00 ➝ $10.50
3/25/2020Maxim GroupDowngradeBuy ➝ Hold
11/22/2019Maxim GroupReiterated RatingBuy$14.00
(Data available from 11/10/2019 forward)

News Sentiment Rating

0.70 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/14/2024
  • 8 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/14/2024
  • 10 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/13/2024
  • 3 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/13/2024
  • 3 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
8/12/2024
  • 6 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
9/11/2024
  • 7 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/11/2024
  • 7 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
11/10/2024

Current Sentiment

  • 7 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
PennantPark Floating Rate Capital logo
PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.
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Today's Range

Now: $11.38
Low: $11.31
High: $11.42

50 Day Range

MA: $11.49
Low: $11.00
High: $11.89

52 Week Range

Now: $11.38
Low: $10.28
High: $12.63

Volume

772,950 shs

Average Volume

809,443 shs

Market Capitalization

$835.52 million

P/E Ratio

7.02

Dividend Yield

10.81%

Beta

1.69

Frequently Asked Questions

What sell-side analysts currently cover shares of PennantPark Floating Rate Capital?

The following Wall Street sell-side analysts have issued stock ratings on PennantPark Floating Rate Capital in the last twelve months: JMP Securities, Maxim Group, StockNews.com, and TheStreet.
View the latest analyst ratings for PFLT.

What is the current price target for PennantPark Floating Rate Capital?

0 Wall Street analysts have set twelve-month price targets for PennantPark Floating Rate Capital in the last year. Their average twelve-month price target is $12.00, suggesting a possible upside of 5.4%. JMP Securities has the highest price target set, predicting PFLT will reach $12.00 in the next twelve months. JMP Securities has the lowest price target set, forecasting a price of $12.00 for PennantPark Floating Rate Capital in the next year.
View the latest price targets for PFLT.

What is the current consensus analyst rating for PennantPark Floating Rate Capital?

PennantPark Floating Rate Capital currently has 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe PFLT will outperform the market and that investors should add to their positions of PennantPark Floating Rate Capital.
View the latest ratings for PFLT.

What other companies compete with PennantPark Floating Rate Capital?

How do I contact PennantPark Floating Rate Capital's investor relations team?

PennantPark Floating Rate Capital's physical mailing address is 590 MADISON AVENUE 15TH FLOOR, NEW YORK NY, 10022. The asset manager's listed phone number is (212) 905-1000 and its investor relations email address is [email protected]. The official website for PennantPark Floating Rate Capital is www.pennantpark.com. Learn More about contacing PennantPark Floating Rate Capital investor relations.