The Pennant Group, Inc. (NASDAQ:PNTG) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analysts rate The Pennant Group “Moderate Buy”: Seven of eight covering firms recommend buying the stock, while one has a hold rating. The average 12-month price target is $41.60.
• Several firms recently raised their price targets, including Truist Financial to $48, Wells Fargo to $46, and RBC to $44.
• Recent results exceeded expectations: Pennant reported quarterly EPS of $0.36 versus the $0.33 consensus and revenue of $297.98 million versus $288.71 million expected. Institutional investors own 85.88% of the company.

The Pennant Group, Inc. (NASDAQ:PNTG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $41.60.

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of The Pennant Group from $42.00 to $44.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. Truist Financial raised their price target on The Pennant Group from $42.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. 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. Weiss Ratings raised The Pennant Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 19th. Finally, Wall Street Zen raised The Pennant Group from a "hold" rating to a "buy" rating in a research report on Saturday, June 20th.

Hedge Funds Weigh In On The Pennant Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nykredit A S bought a new stake in The Pennant Group during the second quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its position 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 worth $33,000 after acquiring an additional 717 shares during the period. 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 boosted its stake in shares of 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 acquiring an additional 403 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of The Pennant Group by 548.9% during the 1st 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 last quarter. Hedge funds and other institutional investors own 85.88% of the company's stock.

The Pennant Group Price Performance

NASDAQ PNTG opened at $39.62 on Thursday. The Pennant Group has a one year low of $22.25 and a one year high of $42.74. The stock has a 50-day moving average of $39.21 and a 200 day moving average of $36.00. 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 company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 44.02, a PEG ratio of 2.60 and a beta of 1.25.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share (EPS) 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 firm 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. On average, sell-side analysts forecast that The Pennant Group will post 1.18 EPS for the current year.

The Pennant Group Company Profile

The Pennant Group, Inc NASDAQ: PNTG is a healthcare services company that operates businesses focused on home-based care and senior living. Through its affiliated companies, Pennant provides home health, hospice and personal care services, as well as residential senior living services for older adults with varying care needs.

Its home health operations offer clinical care and rehabilitation services in patients' homes, while its hospice businesses provide comfort-focused care and support for individuals with advanced illnesses and their families.

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