The Pennant Group (NASDAQ:PNTG) PT Raised to $38.00 at Truist Financial

The Pennant Group (NASDAQ:PNTG) had its target price raised by Truist Financial from $34.00 to $38.00 in a research note published on Monday, Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other equities analysts have also recently commented on PNTG. Oppenheimer raised their target price on The Pennant Group from $28.00 to $34.00 and gave the company an outperform rating in a report on Thursday, August 8th. Stephens raised their price objective on shares of The Pennant Group from $28.00 to $32.00 and gave the company an overweight rating in a research note on Thursday, August 8th.

The Pennant Group Price Performance

NASDAQ:PNTG opened at $32.92 on Monday. The company has a market capitalization of $989.11 million, a P/E ratio of 60.96, a P/E/G ratio of 3.33 and a beta of 2.01. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.48. The Pennant Group has a 52 week low of $10.31 and a 52 week high of $37.13. The stock’s fifty day moving average is $32.88 and its two-hundred day moving average is $26.45.

The Pennant Group (NASDAQ:PNTG) last announced its earnings results on Tuesday, August 6th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $168.75 million during the quarter, compared to analyst estimates of $156.71 million. The Pennant Group had a net margin of 3.16% and a return on equity of 13.74%. Equities analysts expect that The Pennant Group will post 0.75 EPS for the current year.

Institutional Investors Weigh In On The Pennant Group

Several hedge funds and other institutional investors have recently bought and sold shares of PNTG. Covestor Ltd increased its holdings in shares of The Pennant Group by 3,805.6% in the 1st quarter. Covestor Ltd now owns 1,406 shares of the company’s stock valued at $28,000 after acquiring an additional 1,370 shares during the period. USA Financial Formulas acquired a new position in The Pennant Group in the third quarter valued at $121,000. Kings Path Partners LLC purchased a new stake in shares of The Pennant Group in the third quarter valued at about $277,000. Principal Financial Group Inc. acquired a new stake in shares of The Pennant Group during the first quarter worth about $197,000. Finally, Bailard Inc. purchased a new position in shares of The Pennant Group during the second quarter worth about $253,000. 85.88% of the stock is currently owned by institutional investors and hedge funds.

About The Pennant Group

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.