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

The Pennant Group (NASDAQ:PNTG) had its target price raised by Truist Financial from $36.00 to $42.00 in a report published on Friday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other research analysts also recently commented on PNTG. Zacks Research downgraded shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings raised shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Wall Street Zen lowered shares of The Pennant Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada increased their price objective on shares of The Pennant Group from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Wells Fargo & Company increased their price objective on shares of The Pennant Group from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently 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 company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.42. The Pennant Group has a 12 month low of $21.73 and a 12 month high of $37.54. The company has a 50-day moving average price of $31.60 and a 200 day moving average price of $29.45. The company has a market cap 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 announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The Pennant Group had a net margin of 2.96% and a return on equity of 10.07%. The firm had revenue of $285.36 million during the quarter, compared to the consensus estimate of $280.75 million. As a group, equities research analysts predict that The Pennant Group will post 1.13 earnings per share for the current year.

Institutional Trading of The Pennant Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in The Pennant Group by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 815,660 shares of the company’s stock worth $24,861,000 after purchasing an additional 11,943 shares during the period. Parallel Advisors LLC raised its position in The Pennant Group by 1,186.8% in the 1st 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. Fifth Third Bancorp increased its position in shares of The Pennant Group by 548.9% during the first quarter. Fifth Third Bancorp now owns 6,807 shares of the company’s stock worth $207,000 after acquiring an additional 5,758 shares during the period. Wasatch Advisors LP raised its stake in shares of The Pennant Group by 143.2% during the first quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company’s stock valued at $43,242,000 after acquiring an additional 835,227 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of 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 acquiring an additional 717 shares in the last quarter. 85.88% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting The Pennant Group

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

About The Pennant Group

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.