Independent Bank Corp. (INDB) Trades at $71.20 After Triangle; Profile of 13 Analysts Covering Planet Fitness, Inc. (PLNT)

Among 15 analysts covering Planet Fitness (NYSE:PLNT), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Planet Fitness had 29 analyst reports since August 31, 2015 according to SRatingsIntel. On Wednesday, May 11 the stock rating was maintained by Wedbush with “Outperform”. The stock of Planet Fitness, Inc. (NYSE:PLNT) has “Buy” rating given on Monday, August 31 by Jefferies. Imperial Capital maintained the stock with “Outperform” rating in Thursday, May 4 report. Piper Jaffray maintained Planet Fitness, Inc. (NYSE:PLNT) on Friday, November 13 with “Overweight” rating. The rating was initiated by Piper Jaffray with “Overweight” on Monday, August 31. The firm earned “Outperform” rating on Friday, August 12 by Wedbush. William Blair initiated the shares of PLNT in report on Monday, August 31 with “Outperform” rating. JP Morgan initiated the stock with “Overweight” rating in Monday, June 6 report. The rating was initiated by Bank of America with “Buy” on Monday, August 31. Macquarie Research initiated the stock with “Outperform” rating in Thursday, January 5 report. See Planet Fitness, Inc. (NYSE:PLNT) latest ratings:

02/01/2018 Broker: Jefferies Old Rating: Buy New Rating: Hold Downgrade
18/12/2017 Broker: Piper Jaffray Rating: Overweight New Target: $40.00 Reinitiate

Independent Bank Corp. (INDB) formed triangle with $74.76 target or 5.00% above today’s $71.20 share price. Independent Bank Corp. (INDB) has $1.95 billion valuation. The stock increased 2.30% or $1.6 during the last trading session, reaching $71.2. About 46,460 shares traded. Independent Bank Corp. (NASDAQ:INDB) has risen 30.83% since March 3, 2017 and is uptrending. It has outperformed by 14.13% the S&P500.

Among 8 analysts covering Independent Bank (NASDAQ:INDB), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Independent Bank had 24 analyst reports since July 20, 2015 according to SRatingsIntel. The company was maintained on Friday, January 19 by Keefe Bruyette & Woods. The rating was upgraded by Compass Point to “Buy” on Monday, December 18. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, June 26 report. The stock of Independent Bank Corp. (NASDAQ:INDB) has “Buy” rating given on Friday, July 21 by Compass Point. Compass Point upgraded the shares of INDB in report on Friday, January 22 to “Buy” rating. The rating was downgraded by Sandler O’Neill on Wednesday, August 31 to “Sell”. Zacks downgraded the shares of INDB in report on Wednesday, August 26 to “Buy” rating. Keefe Bruyette & Woods maintained the shares of INDB in report on Friday, October 20 with “Hold” rating. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained it with “Hold” rating and $73.0 target in Tuesday, October 3 report.

Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.46, from 1.63 in 2017Q2. It turned negative, as 9 investors sold Independent Bank Corp. shares while 43 reduced holdings. 15 funds opened positions while 46 raised stakes. 21.80 million shares or 4.23% more from 20.92 million shares in 2017Q2 were reported. Prudential Finance holds 46,163 shares. Moreover, Citadel Advisors Ltd Liability Corporation has 0% invested in Independent Bank Corp. (NASDAQ:INDB) for 20,131 shares. Macquarie holds 0.1% or 722,104 shares. New York State Common Retirement Fund accumulated 31,480 shares. Amer reported 0.01% in Independent Bank Corp. (NASDAQ:INDB). Metropolitan Life Insur Company New York accumulated 18,214 shares. Champlain Prtnrs Ltd Company reported 649,050 shares. Boston Advsr Limited Liability Corp accumulated 4,565 shares. Price T Rowe Md reported 10,125 shares. Us Bank & Trust De reported 2,351 shares or 0% of all its holdings. Natl Planning Corporation holds 0.07% in Independent Bank Corp. (NASDAQ:INDB) or 4,364 shares. Bancorp Of America De owns 0% invested in Independent Bank Corp. (NASDAQ:INDB) for 110,697 shares. Amalgamated Bankshares stated it has 0.01% in Independent Bank Corp. (NASDAQ:INDB). Hennessy Advisors has invested 0.21% in Independent Bank Corp. (NASDAQ:INDB). Btim Corporation owns 237,692 shares.

Analysts await Independent Bank Corp. (NASDAQ:INDB) to report earnings on April, 19. They expect $1.03 earnings per share, up 32.05% or $0.25 from last year’s $0.78 per share. INDB’s profit will be $28.27M for 17.28 P/E if the $1.03 EPS becomes a reality. After $0.89 actual earnings per share reported by Independent Bank Corp. for the previous quarter, Wall Street now forecasts 15.73% EPS growth.

Since October 25, 2017, it had 1 insider purchase, and 4 sales for $208,287 activity. RIBEIRO CARL sold $48,475 worth of stock or 700 shares. MISKELL EILEEN C had sold 1,200 shares worth $85,526. ODDLEIFSON CHRISTOPHER had sold 1,200 shares worth $87,125 on Friday, February 2. 601 shares valued at $43,302 were sold by Abelli Donna L on Thursday, January 25. Cozzone Robert D bought $56,141 worth of stock or 788 shares.

The stock increased 0.96% or $0.36 during the last trading session, reaching $37.71. About 1.03M shares traded. Planet Fitness, Inc. (NYSE:PLNT) has risen 39.93% since March 3, 2017 and is uptrending. It has outperformed by 23.23% the S&P500.

Planet Fitness, Inc., through its subsidiaries, franchises and operates fitness centers. The company has market cap of $3.71 billion. It operates through three divisions: Franchise, Corporate-Owned Stores, and Equipment. It has a 56.79 P/E ratio. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, and the Dominican Republic.