Planet Fitness Stock: This should give you food for thought! ()

Planet Fitness has a price of 58.8 USD on the New York Stock Exchange on 09/29/2022, 10:23. The business is listed under “Recreational facilities”.

We’ve analyzed the Planet Fitness outlook based on 7 broad categories. The title receives a partial score for each category. In an overview, the results lead to the classification as “Buy”, “Hold” or “Sell”.

1. Industry Comparison Stock Price: The stock has returned -13.95% over the past year. Compared to stocks in the same sector (“Consumer Discretionary”), Planet Fitness is 54.29% below the average (40.34%). The median annual return for securities in the same “hotel, restaurant and leisure” sector is 23.06%. Planet Fitness is currently 37.01% below this value. Due to the underperformance, we rate the stock as an overall “sell” at this level.

2. Analyst Rating: Over the past 12 months, analysts gave Planet Fitness 6 buy ratings, 2 hold ratings, and 0 sell ratings. In the long term, the stock will therefore receive a “buy” rating from institutional investors. There are no analyst updates on Planet Fitness since last month. Finally, analysts are also concerned about the current price of $58.8. Based on this, they expect a development of 83.89% and generate an average price target of $108.13. We view this development as a “buy” view. In this regard, the overall rating of institutional analysts is “Buy”.

3. Technical Analysis: Planet Fitness’ current price of $58.8 is -25.01% away from the GD200 ($78.41) from a chart technical assessment perspective of a “sell” signal. In contrast, the GD50, which quantifies the 50-day average price movement, shows a price of $72.43. This means for the stock price that there is a “sell” signal, since the gap is -18.82%. Ultimately, Planet Fitness’ stock price is rated “Sell” based on the 50 and 200 day average.