PennantPark Floating: JMP Securities reiterates Market Outperform, raises PT to $11.

PennantPark Floating: JMP Securities reiterates Market Outperform, raises PT to $11.

September 02, 2025

JMP Securities has reiterated its "Market Outperform" rating for PennantPark Floating Rate PFLT, raising its price target to $11.00. This decision follows a recent trend of analyst evaluations that reflect varying sentiments towards the company's stock. Analysts have been updating their ratings and price targets based on evolving market conditions and company performance.

In the past three months, four analysts have shared their insights on PennantPark Floating Rate. The analysts' ratings and price targets have shown a decline of 2.79% from the prior average price target, indicating a shift in expectations. While analysts have maintained diverse opinions, the majority have expressed a somewhat bullish sentiment.

Key analysts and their recent actions include:
- Brian McKenna of JMP Securities maintained the "Market Outperform" rating with a price target of $11.00.
- Paul Johnson of Keefe, Bruyette & Woods lowered the rating to "Market Perform" with a price target of $10.50.
- Vilas Abraham of UBS raised the rating to "Neutral" with a price target of $10.75.
- Matthew Condon of JMP Securities lowered the rating to "Market Outperform" with a price target of $11.00.

These actions highlight the analysts' reactions to recent developments related to PennantPark Floating Rate. The company generates revenue through interest income on debt securities and dividends, with a focus on Floating Rate Loans to U.S. middle-market companies. Despite the diverse analyst opinions, PennantPark Floating Rate has shown strong financial performance, with a market capitalization above industry benchmarks and impressive revenue growth of 31.53% in the past three months.

The company's net margin and return on equity (ROE) are notable, although its return on assets (ROA) and debt-to-equity ratio indicate areas for improvement. Analyst ratings serve as essential indicators of stock performance, providing insights into the company's market standing.

References:
[1] https://www.benzinga.com/insights/analyst-ratings/25/09/47481938/forecasting-the-future-4-analyst-projections-for-pennantpark-floating-rate
[2] https://www.ainvest.com/news/pennantpark-floating-jmp-securities-reiterates-market-outperform-raises-pt-11-2509/
[3] https://www.marketbeat.com/instant-alerts/filing-truvestments-capital-llc-has-419-million-stake-in-pennantpark-investment-co-pnnt-2025-08-27/