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Wall Street Analysts Are Bullish on Top Financial Picks

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on PennyMac Financial (PFSIResearch Report) and NexPoint Residential (NXRTResearch Report) with bullish sentiments.

PennyMac Financial (PFSI)

JMP Securities analyst Trevor Cranston reiterated a Buy rating on PennyMac Financial today and set a price target of $65.00. The company’s shares closed last Monday at $54.07.

According to TipRanks.com, Cranston is a 2-star analyst with an average return of 0.8% and a 47.2% success rate. Cranston covers the Financial sector, focusing on stocks such as Ellington Financial, Chimera Investment, and PennyMac Mortgage.

Currently, the analyst consensus on PennyMac Financial is a Strong Buy with an average price target of $72.33.

See today’s best-performing stocks on TipRanks >>

NexPoint Residential (NXRT)

JMP Securities analyst Aaron Hecht initiated coverage with a Buy rating on NexPoint Residential today and set a price target of $70.00. The company’s shares closed last Monday at $52.05, close to its 52-week low of $50.27.

According to TipRanks.com, Hecht is a 4-star analyst with an average return of 3.9% and a 49.1% success rate. Hecht covers the Financial sector, focusing on stocks such as Chicago Atlantic Real Estate ate Finance Inc, Innovative Industrial Properties, and Diversified Healthcare Trust.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NexPoint Residential with a $71.40 average price target.

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