The Pennant Group (NASDAQ:PNTG) Price Target Raised to $44.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised The Pennant Group’s price target to $44 from $42 and maintained an “outperform” rating, implying 11.83% upside from the previous close.
• Analyst sentiment remains positive: seven analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and average target price of $41.60.
• The company exceeded quarterly expectations, reporting $0.36 in earnings per share versus the $0.33 estimate and revenue of $297.98 million versus $288.71 million expected; institutional investors own 85.88% of shares.

The Pennant Group (NASDAQ:PNTG - Get Free Report) had its price objective boosted by investment analysts at Royal Bank Of Canada from $42.00 to $44.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective points to a potential upside of 11.83% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the stock. Weiss Ratings upgraded shares of The Pennant Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th. Truist Financial lifted their price objective on The Pennant Group from $42.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Wall Street Zen upgraded The Pennant Group from a "hold" rating to a "buy" rating in a research report on Saturday, June 20th. Finally, Wells Fargo & Company raised their price target on The Pennant Group from $45.00 to $46.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, The Pennant Group has a consensus rating of "Moderate Buy" and an average target price of $41.60.

The Pennant Group Stock Performance

NASDAQ:PNTG traded up $0.20 during mid-day trading on Thursday, hitting $39.34. 8,035 shares of the stock were exchanged, compared to its average volume of 281,625. The firm's 50-day simple moving average is $38.33 and its 200 day simple moving average is $34.24. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 43.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.26. The Pennant Group has a fifty-two week low of $22.25 and a fifty-two week high of $42.69. 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 Pennant Group (NASDAQ:PNTG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $297.98 million for the quarter, compared to analysts' expectations of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. As a group, equities analysts anticipate that The Pennant Group will post 1.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of The Pennant Group during the second quarter worth about $109,340,000. Vanguard Group Inc. increased its position in The Pennant Group by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company's stock valued at $57,707,000 after purchasing an additional 82,071 shares during the period. Wasatch Advisors LP increased its position in The Pennant Group by 31.8% during the 2nd quarter. Wasatch Advisors LP now owns 1,870,178 shares of the company's stock valued at $69,103,000 after purchasing an additional 451,491 shares during the period. Turtle Creek Asset Management Inc. raised its holdings in The Pennant Group by 12,075.6% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,582,823 shares of the company's stock worth $48,244,000 after purchasing an additional 1,569,823 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY acquired a new position in shares of The Pennant Group in the 2nd quarter worth approximately $51,833,000. 85.88% of the stock is owned by institutional investors and hedge funds.

The Pennant Group Company Profile

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.

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