Truist Financial Boosts The Pennant Group (NASDAQ:PNTG) Price Target to $36.00

Key Points

• Truist Financial raised its price target on The Pennant Group to $36 (from $34) and kept a "buy" rating, implying roughly a 16.2% upside$37.
• The Pennant Group beat quarterly estimates with $0.34 EPS (vs. $0.31 expected) and $289.3M revenue, and issued FY2026 guidance of 1.260–1.360 EPS.
• Shares traded near $30.99 (midday) for a market cap of about $1.08 billion, a PE of ~37.3, and roughly 85.9% institutional ownership.

The Pennant Group (NASDAQ:PNTG - Get Free Report) had its price objective raised by equities research analysts at Truist Financial from $34.00 to $36.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's price target suggests a potential upside of 16.19% from the company's previous close.

A number of other equities research analysts also recently weighed in on the stock. Zacks Research downgraded shares of The Pennant Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 12th. Weiss Ratings upgraded shares of The Pennant Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. Wells Fargo & Company lifted their price objective on shares of The Pennant Group from $31.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, January 7th. Royal Bank Of Canada lifted their price objective on shares of The Pennant Group from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of The Pennant Group from a "hold" rating to a "buy" rating in a research note on Sunday, April 5th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

The Pennant Group Stock Performance

NASDAQ:PNTG traded up $0.31 during mid-day trading on Monday, reaching $30.99. 40,937 shares of the company's stock were exchanged, compared to its average volume of 288,292. The Pennant Group has a one year low of $21.73 and a one year high of $35.00. The firm has a market capitalization of $1.08 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30. The business's fifty day simple moving average is $31.68 and its two-hundred day simple moving average is $28.73. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. The Pennant Group had a net margin of 3.12% and a return on equity of 10.10%. The business had revenue of $289.32 million for the quarter, compared to analyst estimates of $275.20 million. The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. Analysts anticipate that The Pennant Group will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Pennant Group

A number of institutional investors and hedge funds have recently made changes to their positions in PNTG. Provident Investment Management Inc. purchased a new stake in The Pennant Group in the third quarter valued at approximately $6,685,000. JPMorgan Chase & Co. raised its stake in The Pennant Group by 288.4% in the third quarter. JPMorgan Chase & Co. now owns 130,721 shares of the company's stock valued at $3,297,000 after purchasing an additional 97,061 shares in the last quarter. Algert Global LLC grew its position in The Pennant Group by 392.5% during the third quarter. Algert Global LLC now owns 421,702 shares of the company's stock valued at $10,635,000 after acquiring an additional 336,072 shares during the last quarter. Tudor Investment Corp ET AL grew its position in The Pennant Group by 317.4% during the third quarter. Tudor Investment Corp ET AL now owns 207,220 shares of the company's stock valued at $5,226,000 after acquiring an additional 157,574 shares during the last quarter. Finally, Gallagher Capital Advisors LLC bought a new position in The Pennant Group during the third quarter valued at approximately $1,786,000. Hedge funds and other institutional investors own 85.88% of the company's stock.

About The Pennant Group

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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