The Pennant Group, Inc. (NASDAQ:PNTG) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is bullish: Eight brokerages give The Pennant Group a consensus “Moderate Buy” rating, with seven buys and one hold. The average 12-month price target is $41.60.
• Recent earnings exceeded expectations: The company reported quarterly EPS of $0.36 versus the $0.33 consensus and revenue of $297.98 million, above estimates of $288.71 million.
• Shares have risen substantially: PNTG opened at $39.20, near its 52-week high of $42.69, while institutional investors and hedge funds own 85.88% of the stock.

The Pennant Group, Inc. (NASDAQ:PNTG - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $41.60.

A number of brokerages have recently commented on PNTG. Wells Fargo & Company increased their target price on shares of The Pennant Group from $45.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. Royal Bank Of Canada boosted 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. 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. Wall Street Zen upgraded shares of The Pennant Group from a "hold" rating to a "buy" rating in a report on Saturday, June 20th. Finally, Truist Financial raised their target price on shares of The Pennant Group from $42.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th.

The Pennant Group Stock Performance

Shares of NASDAQ:PNTG opened at $39.20 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.20 and a quick ratio of 1.20. The Pennant Group has a 1 year low of $22.25 and a 1 year high of $42.69. The firm has a market capitalization of $1.37 billion, a PE ratio of 43.56, a P/E/G ratio of 2.56 and a beta of 1.27. The business's 50 day moving average price is $39.46 and its 200-day moving average price is $35.13.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last announced 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 return on equity of 10.33% and a net margin of 2.93%.The company had revenue of $297.98 million for the quarter, compared to analyst estimates 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 fiscal year.

Institutional Investors Weigh In On The Pennant Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in The Pennant Group by 34.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,568 shares of the company's stock worth $58,000 after buying an additional 403 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in The Pennant Group by 154.2% in the 4th 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 period. Nykredit A S acquired a new position in shares of The Pennant Group in the second quarter worth $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of The Pennant Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company's stock worth $488,000 after acquiring an additional 857 shares in the last quarter. Finally, Parallel Advisors LLC increased its position 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 acquiring an additional 1,258 shares during the period. Institutional investors and hedge funds own 85.88% of the company's stock.

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.

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