The Pennant Group, Inc. (NASDAQ:PNTG) Stock Has Average Price Target of $46.00

Shares of The Pennant Group, Inc. (NASDAQ:PNTG) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $46.00.

A number of brokerages recently commented on PNTG. Wells Fargo & Company lifted their price objective on The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Truist Financial upped their target price on shares of The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings raised shares of The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada lifted their price target on shares of The Pennant Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th.

Hedge Funds Weigh In On The Pennant Group

A number of hedge funds and other institutional investors have recently bought and sold shares of PNTG. Nykredit A S bought a new position in shares of The Pennant Group in the 2nd quarter worth $29,000. Sterling Capital Management LLC grew its stake in shares of The Pennant Group by 846.7% during the third quarter. Sterling Capital Management LLC now owns 1,136 shares of the company’s stock worth $44,000 after purchasing an additional 1,016 shares during the period. Parallel Advisors LLC grew its stake in shares of The Pennant Group by 1,186.8% during the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $42,000 after purchasing an additional 1,258 shares during the period. GAMMA Investing LLC grew its stake in shares of The Pennant Group by 34.6% during the second quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock worth $58,000 after purchasing an additional 403 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in The Pennant Group by 45.4% in the third quarter. Nisa Investment Advisors LLC now owns 3,413 shares of the company’s stock valued at $133,000 after purchasing an additional 1,065 shares during the last quarter. 85.88% of the stock is owned by institutional investors.

The Pennant Group Stock Up 6.9%

Shares of PNTG opened at $44.04 on Monday. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.20 and a current ratio of 1.20. The business’s fifty day moving average price is $40.15 and its two-hundred day moving average price is $35.61. The Pennant Group has a 52 week low of $22.25 and a 52 week high of $44.24.

The Pennant Group (NASDAQ:PNTG) last released its earnings results on Wednesday, November 4th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). The firm had revenue of $302.25 million during the quarter, compared to analyst estimates of $299.34 million. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. On average, analysts predict that The Pennant Group will post 1.18 earnings per share for the current year.

The Pennant Group Company Profile

The Pennant Group, Inc is a healthcare services company that operates home health, hospice and senior living businesses in the United States. Through its affiliated agencies and communities, the company provides skilled nursing, physical, occupational and speech therapy, personal care, hospice and palliative services, assisted living, and other support for older adults and individuals recovering from illness or injury.

Pennant’s home health and hospice operations serve patients in their homes and other residential settings, while its senior living segment operates communities that provide assisted living and related services.