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PLNT

Planet Fitness

$52.09

1 (1.96%)

, C

Citi

$64.78

0.55 (0.86%)

08:05
11/14/18
11/14
08:05
11/14/18
08:05

Planet Fitness enters into $300M accelerated share repurchase program

Planet Fitness (PLNT) has entered into a $300M accelerated share repurchase agreement with Citibank (C). The company will acquire shares under the ASR Agreement as part of its $500M share repurchase authorization previously announced on August 9. As of November 12, before giving effect to the ASR Agreement, approximately $458M remained available for share repurchases pursuant to the Share Repurchase Authorization. The company will pay Citibank $300M in cash and will initially receive approximately 4.6 million shares of the company's common stock, which is approximately 80% of the shares of the company's common stock it expects to repurchase under the ASR Agreement. The final settlement of the transaction under the ASR is expected to occur no later than 2Q19.

PLNT

Planet Fitness

$52.09

1 (1.96%)

C

Citi

$64.78

0.55 (0.86%)

  • 14

    Nov

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    Nov

  • 14

    Jan

PLNT Planet Fitness
$52.09

1 (1.96%)

11/12/18
MACQ
11/12/18
DOWNGRADE
MACQ
Neutral
Planet Fitness downgraded to Neutral from Outperform at Macquarie
11/07/18
PIPR
11/07/18
NO CHANGE
Target $64
PIPR
Overweight
Planet Fitness comp growth remains 'remarkably resilient,' says Piper Jaffray
Piper Jaffray analyst Peter Keith raised his price target for Planet Fitness to $64 from $61 citing last night's "solid" Q3 results and raise to guidance. Keith says Planet Fitness remains his favorite long-term compounding earnings growth story. Comp growth remains "remarkably resilient" as Planet Fitness' franchisee base becomes more sophisticated, Equipment sales growth is accelerating with increased replacement sales, and the company is selectively acquiring small franchisees to drive corporate club growth, Keith tells investors in a post-earnings research note. He sees a path to sustainable 30% earnings growth and keeps an Overweight rating on the shares.
11/05/18
PIPR
11/05/18
NO CHANGE
Target $61
PIPR
Overweight
Planet Fitness called a favorite SMID cap idea at Piper Jaffray
Piper Jaffray analyst Peter Keith reiterates an Overweight rating on Planet Fitness with a $61 price target ahead of what he thinks will be positive Q3 results tomorrow. The company "checks off all the boxes for Consumer-oriented names to own in a volatile, late bull market with rising interest rates," Keith tells investors in a pre-earnings research note. Planet Fitness has little/no tariff exposure, no interest rate exposure and a "steady" subscription model with automatic recurring monthly payments, says the analyst. Keith calls Planet Fitness his favorite SMID cap idea.
10/16/18
DADA
10/16/18
NO CHANGE
Target $58
DADA
Buy
Planet Fitness Q3 poised for more earnings and revenue growth, says DA Davidson
DA Davidson analyst Michael Kawamoto kept his Buy rating and $58 price target on Planet Fitness ahead of its Q3 results, saying the company is "poised for continued top and bottom line growth" as well as a potential guidance raise. The analyst notes that Planet Fitness is well positioned with an "un-matched brand recognition and robust underlying momentum" that give him confidence in its ability to "deliver" on its growth strategy. With limited exposure to mainland China, Kawamoto also states that the company is "largely immune" from the broader trade issues weighing on some of the other related companies under his coverage.
C Citi
$64.78

0.55 (0.86%)

10/15/18
BMOC
10/15/18
NO CHANGE
Target $92
BMOC
Market Perform
Citi price target raised to $92 from $85 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Citi to $92 in spite of its Q3 earnings miss as he rolls his valuation model forward by a quarter. The analyst also notes that its lower expected revenues are being offset by lower costs while pointing to "cheap" valuation for financials in spite of the rising interest rates which are positive for net interest margins and better employment which is positive for credit. Fotheringham keeps his Market Perform rating for Citi, stating that some of its peers offer an even "greater opportunity".
09/25/18
WOLF
09/25/18
INITIATION
Target $91
WOLF
Outperform
Citi initiated with an Outperform at Wolfe Research
Wolfe Research analyst Steven Chubak initiated Citi with an Outperform and $91 price target.
09/19/18
OPCO
09/19/18
NO CHANGE
OPCO
Outperform
U.S. banks 'in very good shape,' says Oppenheimer, favorites include BofA, Citi
Oppenheimer analyst Chris Kotowski tells investors in a research note that the U.S. banking group is on solid footing with balance sheets less risky than at any time over the last 33 years the firm covered the group and says his favorite bank stocks are Outperform-rated Bank of America (BAC), Citi (C), CIT (CIT) and Goldman Sachs (GS). However, Kotowski notes that banks are trading at an average relative P/E of just ~66% relative to the S&P 500 and returning to a historical avg valuation of 73%-80% range would imply over a thousand basis points of outperformance by the group. In his view, the U.S. banks are, on the whole, in "very good" shape.
08/28/18
WELS
08/28/18
NO CHANGE
Target $100
WELS
Outperform
Citi to benefit from potential U.S.-Mexico trade deal, says Wells Fargo
Wells Fargo analyst Mike Mayo believes Citi could gain more than other large U.S. banks from a U.S.-Mexico trade deal given its ownership of the second largest bank in Mexico, Citibanamex. In his view, Citi's stock had been hurt on perceptions of the U.S. relationship with Mexico. At a minimum, any new trade deal could reflect the absence of a negative and, on the upside, new potential growth opportunities, he contends. Mayo reiterates an Outperform rating and $100 price target on the shares.

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BHP

BHP Group

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BHP

BHP Group

$49.12

0.31 (0.64%)

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AAPL

Apple

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Accenture

$195.19

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BIDU

Baidu

$104.28

7.63 (7.89%)

, NBRV

Nabriva Therapeutics

$2.21

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Baidu

$104.28

7.63 (7.89%)

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Moderna

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SRPT

Sarepta

$120.16

-4.81 (-3.85%)

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ET

Energy Transfer LP

$13.77

0.3 (2.23%)

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AAPL

Apple

$210.32

3.88 (1.88%)

, SNE

Sony

$55.71

-0.01 (-0.02%)

18:20
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AAPL

Apple

$210.32

3.88 (1.88%)

SNE

Sony

$55.71

-0.01 (-0.02%)

NFLX

Netflix

$309.40

6.66 (2.20%)

DIS

Disney

$135.33

0.14 (0.10%)

T

AT&T

$35.40

0.42 (1.20%)

CBS

CBS

$44.21

0.38 (0.87%)

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LGIH

LGI Homes

$78.56

3.36 (4.47%)

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AMZN

Amazon.com

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24.47 (1.37%)

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WMT

Walmart

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0.77 (0.68%)

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$12.42

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SRPT

Sarepta

$120.16

-4.81 (-3.85%)

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Sarepta

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-4.81 (-3.85%)

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BSX

Boston Scientific

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AMZN

Amazon.com

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FB

Facebook

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MPW

Medical Properties Trust

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WMT

Walmart

$113.76

0.77 (0.68%)

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MAXR

Maxar Technologies

$6.49

0.185 (2.93%)

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RCI

Rogers Communications

$51.30

0.21 (0.41%)

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