The Pennant Group, Inc. (NASDAQ:PNTG) Receives $33.40 Consensus Target Price from Analysts

Shares of The Pennant Group, Inc. (NASDAQ:PNTG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $34.40.

A number of equities analysts recently issued reports on the stock. Truist Financial lowered their price objective on shares of The Pennant Group from $32.00 to $28.00 and set a "hold" rating for the company in a research report on Wednesday, July 16th. Stephens reiterated an "overweight" rating and set a $40.00 price objective on shares of The Pennant Group in a research report on Thursday. Wells Fargo & Company lowered their price objective on shares of The Pennant Group from $31.00 to $29.00 and set an "equal weight" rating for the company in a research report on Thursday, August 14th. Finally, Wall Street Zen upgraded shares of The Pennant Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th.

Hedge Funds Weigh In On The Pennant Group

A number of institutional investors have recently added to or reduced their stakes in PNTG. NBC Securities Inc. bought a new stake in The Pennant Group during the 1st quarter worth approximately $25,000. Turtle Creek Asset Management Inc. grew its holdings in The Pennant Group by 150.0% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,500 shares of the company's stock worth $66,000 after acquiring an additional 1,500 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of The Pennant Group by 161.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,987 shares of the company's stock valued at $119,000 after buying an additional 2,463 shares during the last quarter. State of Wyoming grew its position in shares of The Pennant Group by 41.3% in the 1st quarter. State of Wyoming now owns 6,170 shares of the company's stock valued at $155,000 after buying an additional 1,803 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of The Pennant Group by 7,124.5% in the 1st quarter. GAMMA Investing LLC now owns 7,947 shares of the company's stock valued at $200,000 after buying an additional 7,837 shares during the last quarter. 85.88% of the stock is currently owned by institutional investors and hedge funds.

The Pennant Group Price Performance

Shares of The Pennant Group stock traded up $0.21 during trading on Wednesday, reaching $24.29. 246,192 shares of the company's stock were exchanged, compared to its average volume of 256,404. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.21. The Pennant Group has a 1-year low of $21.18 and a 1-year high of $37.13. The company has a market cap of $839.46 million, a P/E ratio of 31.14, a PEG ratio of 2.03 and a beta of 1.31. The firm's 50-day moving average price is $24.65 and its 200 day moving average price is $25.75.

The Pennant Group Company Profile

The Pennant Group, Inc provides healthcare services in the United States. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, spiritual, and psychosocial needs of terminally ill patients and their families.