Wells Fargo & Company Raises The Pennant Group (NASDAQ:PNTG) Price Target to $46.00

Key Points

• Wells Fargo raised The Pennant Group’s price target to $46 from $45 and maintained an “overweight” rating, implying 16.04% upside from the prior close.
• Analyst sentiment remains positive: seven analysts rate PNTG a Buy and one rates it Hold, resulting in a consensus “Moderate Buy” rating and an average price target of $41.20.
• The company exceeded quarterly expectations, reporting $0.36 in earnings per share versus the $0.33 consensus and revenue of $297.98 million versus $288.71 million expected.

The Pennant Group (NASDAQ:PNTG - Get Free Report) had its target price hoisted by research analysts at Wells Fargo & Company from $45.00 to $46.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price target would indicate a potential upside of 16.04% from the company's previous close.

A number of other equities analysts have also issued reports on PNTG. Royal Bank Of Canada increased their target price on shares of The Pennant Group from $41.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Weiss Ratings upgraded shares of The Pennant Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 5th. Truist Financial raised their price objective on shares of The Pennant Group from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen raised The Pennant Group from a "hold" rating to a "buy" rating in a report on Saturday, June 20th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, The Pennant Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.20.

The Pennant Group Stock Performance

PNTG stock opened at $39.64 on Tuesday. The Pennant Group has a 1 year low of $22.25 and a 1 year high of $42.69. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 44.04, a PEG ratio of 2.62 and a beta of 1.26. 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 stock's fifty day moving average is $37.27 and its two-hundred day moving average is $33.77.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate 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, research analysts predict that The Pennant Group will post 1.14 EPS for the current year.

Institutional Trading of The Pennant Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 buying an additional 717 shares during the period. Quarry LP purchased a new stake in shares of The Pennant Group in the 3rd quarter valued at approximately $37,000. Parallel Advisors LLC lifted its position in shares of The Pennant Group by 1,186.8% in the 1st quarter. Parallel Advisors LLC now owns 1,364 shares of the company's stock valued at $42,000 after acquiring an additional 1,258 shares in the last quarter. GAMMA Investing LLC boosted its stake in The Pennant Group by 34.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,568 shares of the company's stock worth $58,000 after purchasing an additional 403 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in The Pennant Group by 651.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company's stock worth $86,000 after purchasing an additional 2,946 shares in the last quarter. Institutional investors and hedge funds 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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