The Pennant Group (NASDAQ:PNTG) Reaches New 12-Month High – Time to Buy?

Shares of The Pennant Group, Inc. (NASDAQ:PNTG) reached a new 52-week high during mid-day trading on Monday. The company traded as high as $42.97 and last traded at $42.91, with a volume of 64,766 shares trading hands. The stock had previously closed at $41.88.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PNTG shares. Truist Financial increased their target price on shares of The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Wells Fargo & Company upped their price target on The Pennant Group from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Weiss Ratings raised The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada increased their price objective on The Pennant Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, The Pennant Group presently has an average rating of “Moderate Buy” and an average target price of $46.00.

The Pennant Group Stock Performance

The company’s 50-day moving average price is $39.78 and its 200 day moving average price is $35.21. The stock has a market capitalization of $1.49 billion, a PE ratio of 47.24, a PEG ratio of 2.73 and a beta of 1.25. 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) last posted its earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $297.98 million for the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. On average, equities research analysts expect that The Pennant Group, Inc. will post 1.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new stake in The Pennant Group during the second quarter valued at $3,430,000. Legal & General Group Plc bought a new position in The Pennant Group in the second quarter worth approximately $1,142,000. Grandeur Peak Global Advisors LLC bought a new position in The Pennant Group in the second quarter worth approximately $6,644,000. Manatuck Hill Partners LLC purchased a new position in shares of The Pennant Group during the 2nd quarter worth $2,217,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of The Pennant Group during the 2nd quarter valued at $4,225,000. Institutional investors own 85.88% of the company’s stock.

About The Pennant Group

The Pennant Group, Inc is a healthcare services company that operates home health, hospice and senior living businesses in the United States. Through its affiliated agencies and communities, the company provides skilled nursing, physical, occupational and speech therapy, personal care, hospice and palliative services, assisted living, and other support for older adults and individuals recovering from illness or injury.

Pennant’s home health and hospice operations serve patients in their homes and other residential settings, while its senior living segment operates communities that provide assisted living and related services.