The Pennant Group, Inc. (NASDAQ:PNTG) Receives $41.60 Consensus Price Target from Brokerages

Shares of The Pennant Group, Inc. (NASDAQ:PNTG) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $41.60.

Several equities analysts have recently weighed in on the company. Weiss Ratings raised The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 19th. Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Wells Fargo & Company upped their price objective on The Pennant Group from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Truist Financial upped their price objective on The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada increased their target price on The Pennant Group from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, August 20th.

Hedge Funds Weigh In On The Pennant Group

Institutional investors have recently made changes to their positions in the business. Nykredit A S purchased a new position in shares of The Pennant Group in the second quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd increased its holdings in The Pennant Group by 154.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock valued at $33,000 after buying an additional 717 shares during the last quarter. Parallel Advisors LLC raised its position in The Pennant Group by 1,186.8% in the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $42,000 after acquiring an additional 1,258 shares during the period. GAMMA Investing LLC raised its position in The Pennant Group by 34.6% in the second quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock worth $58,000 after acquiring an additional 403 shares during the period. Finally, Comerica Bank raised its position in The Pennant Group by 1,185.6% in the fourth quarter. Comerica Bank now owns 6,055 shares of the company’s stock worth $170,000 after acquiring an additional 5,584 shares during the period. Institutional investors own 85.88% of the company’s stock.

The Pennant Group Stock Performance

Shares of PNTG stock opened at $39.97 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average price of $39.47 and a 200-day moving average price of $35.25. The Pennant Group has a 52 week low of $22.25 and a 52 week high of $42.69. The firm has a market capitalization of $1.40 billion, a PE ratio of 44.41, a P/E/G ratio of 2.61 and a beta of 1.27.

The Pennant Group (NASDAQ:PNTG) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The company had revenue of $297.98 million for the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. As a group, equities research analysts expect that The Pennant Group will post 1.18 earnings per share for the current year.

About The Pennant Group

The Pennant Group, Inc is a healthcare services company that operates home health, hospice and personal care businesses, as well as senior living communities. Its services are designed to support older adults and other patients in their homes, residential settings and communities, with offerings that may include skilled nursing, therapy, hospice care, assisted living and memory care.

The company serves patients and residents through a network of affiliated operating companies and communities across multiple U.S.