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.
Buy, hold or sell – your dated Planet Fitness analysis 09/29 gives the answer:
How will Planet Fitness evolve now? Is an entry worth it or should investors sell instead? Find out the answers to these questions and why you need to act now in the latest analysis from Planet Fitness.
PlanetFitness: Buy or sell? Read more here…