The Pennant Group (NASDAQ:PNTG) Stock Price Expected to Rise, Truist Financial Analyst Says

The Pennant Group (NASDAQ:PNTG) had its target price lifted by equities research analysts at Truist Financial from $28.00 to $32.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 8.95% from the stock’s current price.

Separately, Stephens restated an “overweight” rating and set a $38.00 price target on shares of The Pennant Group in a research note on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, The Pennant Group currently has an average rating of “Moderate Buy” and a consensus price target of $35.60.

The Pennant Group Stock Performance

Shares of NASDAQ:PNTG traded up $0.79 during midday trading on Monday, reaching $29.37. The company had a trading volume of 115,952 shares, compared to its average volume of 225,928. The stock has a market cap of $1.02 billion, a P/E ratio of 43.03, a P/E/G ratio of 2.24 and a beta of 1.56. The company’s 50 day moving average price is $25.04 and its 200 day moving average price is $27.32. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.58. The Pennant Group has a 52-week low of $21.18 and a 52-week high of $37.13.

Institutional Investors Weigh In On The Pennant Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in shares of The Pennant Group in the 1st quarter valued at about $285,000. De Lisle Partners LLP raised its position in shares of The Pennant Group by 6.9% during the 1st quarter. De Lisle Partners LLP now owns 407,801 shares of the company’s stock valued at $10,260,000 after buying an additional 26,339 shares in the last quarter. Premier Fund Managers Ltd bought a new stake in shares of The Pennant Group during the 1st quarter worth $535,000. Mackenzie Financial Corp lifted its holdings in shares of The Pennant Group by 25.2% during the 1st quarter. Mackenzie Financial Corp now owns 22,446 shares of the company’s stock worth $565,000 after acquiring an additional 4,522 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its position in The Pennant Group by 29.6% in the first quarter. Van Berkom & Associates Inc. now owns 2,849,562 shares of the company’s stock worth $71,666,000 after acquiring an additional 651,346 shares in the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

About The Pennant Group

The Pennant Group, Inc provides healthcare services in the United States. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, spiritual, and psychosocial needs of terminally ill patients and their families.