The Pennant Group, Inc. (PNTG) - What Are Analysts Saying About This Stock?

Key Points

• Analysts remain broadly positive: The Pennant Group has a “Moderate Buy” consensus from six analysts, with five buy ratings and one hold. The average 12-month price target is $46.00, above the reported share price of $41.66.
• Several firms recently raised their targets, including Truist Financial to $48, Wells Fargo to $46, and RBC to $44; Weiss Ratings also upgraded the stock’s buy rating.
• Recent results exceeded expectations: Pennant reported quarterly EPS of $0.36 versus the $0.33 consensus and revenue of $297.98 million versus estimates of $288.71 million. Institutional investors own approximately 85.88% of the company.

Shares of The Pennant Group, Inc. (NASDAQ:PNTG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $46.00.

PNTG has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of The Pennant Group from $45.00 to $46.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Truist Financial increased their price target 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. Royal Bank Of Canada increased their price target on shares of The Pennant Group from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Thursday, August 20th. Finally, Weiss Ratings upgraded shares of The Pennant Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th.

Institutional Trading of The Pennant Group

A number of hedge funds have recently bought and sold shares of the company. Bridge City Capital LLC grew its stake in shares of The Pennant Group by 18.6% during the third quarter. Bridge City Capital LLC now owns 70,054 shares of the company's stock valued at $2,732,000 after acquiring an additional 10,971 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in The Pennant Group in the 3rd quarter worth approximately $1,279,000. Sigma Planning Corp acquired a new stake in The Pennant Group during the third quarter worth approximately $1,573,000. Sterling Capital Management LLC lifted its position 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 in the last quarter. Finally, Kings Path Partners LLC bought a new position in shares of The Pennant Group during the 3rd quarter valued at $684,000. Institutional investors own 85.88% of the company's stock.

The Pennant Group Price Performance

NASDAQ PNTG opened at $41.66 on Monday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 46.29, a PEG ratio of 2.72 and a beta of 1.33. 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 $43.41. The stock's fifty day moving average price is $39.96 and its 200 day moving average price is $35.41.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The business had revenue of $297.98 million during the quarter, compared to analyst estimates of $288.71 million. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. As a group, equities research analysts forecast that The Pennant Group will post 1.18 earnings per share for the current year.

About The Pennant Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.