PFSI Price Prediction Next Week
Technical Analysis
Based on recent price action and technical indicators, PFSI shows a bearish trend in the short term. The stock recently crossed below its 200-day moving average at $99.81, indicating potential downward momentum.
News Impact Analysis
Recent significant news events affecting PFSI:
- On February 4, 2025, PFSI announced a $650 million private offering of senior notes due 2033, which could impact the company's debt structure and financial flexibility
- Industry challenges persist with high mortgage rates and declining refinancing volumes
Industry Outlook
The mortgage services industry faces several headwinds:
- Elevated mortgage rates expected to continue through 2025
- Declining origination and refinancing activities
- Industry ranked in bottom 43% of sectors according to Zacks
Positive Factors
- Strong servicing business performance
- Diversified operations providing some resilience
- Expected EPS growth of 21.7% in 2025 to $14.02
Price Prediction for Next Week
Based on technical analysis and current market conditions:
- Resistance level: $102
- Support level: $95
- Expected trading range: $96-$100
Target price: $97.50 with downward bias
Trading Recommendation: SELL
Rationale:
- Breaking below 200-day MA signals technical weakness
- Industry headwinds likely to persist
- Current market sentiment remains cautious on mortgage-related stocks
- Upcoming debt offering may create near-term pressure
PFSI Similar Chart Price Prediction
The price of PFSI is predicted to go up 13.9%, based on the high correlation periods with EDU. The similarity of these two price pattern on the periods is 97.05%.
PFSI
EDU
Up: 13.9%Similarity: 97.05%
PFSI Revenue Forecast
PFSI EPS Forecast
PFSI FAQs
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PFSI Analyst's Forecast
Michael Kaye
Wells Fargo
Buy
2024-10-24
Price Target
$110 → $125
Upside
+23.66%
Wells Fargo raised the firm's price target on PennyMac Financial to $125 from $110 and keeps an Overweight rating on the shares. The firm notes that driven by surging production earnings and strong servicing results, EPS easily beat its and consensus estimates. And despite the recent spike in mortgage rates, 2025 ROE guidance is in the high teens to low twenties, Wells adds.
Crispin Love
Piper Sandler
Buy
2024-10-23
Price Target
$125 → $132
Upside
+31.97%
Mark Devries
Barclays
Buy
2024-10-08
Price Target
$112 → $125
Upside
+16.86%
