The Pennant Group (NASDAQ:PNTG) Price Target Raised to $42.00

The Pennant Group (NASDAQ:PNTG) had its price target lifted by Royal Bank Of Canada from $41.00 to $42.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on PNTG. Wells Fargo & Company upped their target price on The Pennant Group from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday. Wall Street Zen downgraded The Pennant Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings raised The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Zacks Research downgraded The Pennant Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Truist Financial upped their target price on The Pennant Group from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, The Pennant Group has a consensus rating of “Moderate Buy” and an average target price of $39.00.

The Pennant Group Price Performance

Shares of NASDAQ PNTG opened at $35.90 on Friday. The Pennant Group has a 1-year low of $21.73 and a 1-year high of $37.54. The business has a 50-day moving average of $31.60 and a 200-day moving average of $29.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 42.24, a PEG ratio of 2.45 and a beta of 1.28.

The Pennant Group (NASDAQ:PNTG) last issued its earnings results on Wednesday, May 6th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The Pennant Group had a return on equity of 10.07% and a net margin of 2.96%.The company had revenue of $285.36 million during the quarter, compared to the consensus estimate of $280.75 million. On average, equities analysts anticipate that The Pennant Group will post 1.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its holdings in The Pennant Group by 154.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock valued at $33,000 after purchasing an additional 717 shares during the last quarter. Quarry LP purchased a new position in The Pennant Group in the third quarter valued at about $37,000. Parallel Advisors LLC boosted its holdings 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 valued at $42,000 after purchasing an additional 1,258 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in The Pennant Group in the third quarter valued at about $54,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in The Pennant Group by 651.8% in the third quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock valued at $86,000 after purchasing an additional 2,946 shares during the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group News Summary

Here are the key news stories impacting The Pennant Group this week:

• Positive Sentiment: Truist raised its price target on The Pennant Group (PNTG) to $42 from $36 and reiterated a Buy rating, implying additional upside from current levels. Truist raises PNTG price target
• Positive Sentiment: Royal Bank of Canada increased its target to $42 from $41 and maintained an Outperform rating, adding to the bullish analyst momentum. RBC raises PNTG price target
• Positive Sentiment: Wells Fargo lifted its price target to $41 from $38 and kept an Overweight rating, signaling continued optimism about Pennant’s growth outlook. Wells Fargo raises PNTG price target
• Positive Sentiment: Q1 earnings and revenue topped expectations, with EPS of $0.32 versus the $0.31 consensus and revenue of $285.36 million versus estimates of $280.75 million, reinforcing the company’s execution. PNTG Q1 earnings beat estimates
• Neutral Sentiment: Recent coverage focused on integration progress from the Amedisys-related work, margin stability, and Southeast expansion, which supports the long-term story but is still more of a medium-term operational update. Pennant considers JVs, M&A as integration continues

The Pennant Group Company Profile

The Pennant Group (NASDAQ: PNTG) is a publicly traded holding company that provides specialized services to the asset management industry. Through its operating subsidiaries, the company delivers outsourced fund administration, securities lending, prime brokerage, and capital markets solutions designed to support hedge funds, private equity firms, mutual funds and other institutional investors. By leveraging a combination of technology platforms and industry expertise, The Pennant Group helps clients streamline middle- and back-office processes, enhance operational efficiency and manage regulatory requirements.

Key service offerings include fund accounting and reporting, trade settlement and reconciliation, risk monitoring, securities lending programs and execution support across a range of asset classes.