The Pennant Group (NASDAQ:PNTG) Price Target Raised to $28.00

The Pennant Group (NASDAQ:PNTG) had its price target lifted by Truist Financial from $25.00 to $28.00 in a report released on Monday morning, Benzinga reports. Truist Financial currently has a hold rating on the stock.

Several other analysts also recently commented on the stock. Stephens reaffirmed an overweight rating and set a $25.00 target price on shares of The Pennant Group in a report on Thursday, June 20th. Royal Bank of Canada lifted their price objective on shares of The Pennant Group from $21.00 to $26.00 and gave the stock an outperform rating in a research note on Thursday, May 9th.

The Pennant Group Stock Performance

Shares of PNTG opened at $26.90 on Monday. The firm has a 50-day moving average of $23.57 and a 200-day moving average of $19.93. The Pennant Group has a one year low of $10.31 and a one year high of $27.76. The company has a market cap of $808.35 million, a PE ratio of 49.81, a price-to-earnings-growth ratio of 2.90 and a beta of 2.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.16 and a quick ratio of 1.16.

The Pennant Group (NASDAQ:PNTG) last announced its earnings results on Monday, May 6th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $156.92 million during the quarter, compared to the consensus estimate of $146.01 million. The Pennant Group had a net margin of 2.86% and a return on equity of 13.42%. As a group, equities analysts forecast that The Pennant Group will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On The Pennant Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allianz Asset Management GmbH acquired a new position in shares of The Pennant Group in the 4th quarter valued at approximately $2,351,000. Keeley Teton Advisors LLC acquired a new position in The Pennant Group during the 4th quarter worth approximately $603,000. Wasatch Advisors LP increased its position in The Pennant Group by 3.3% during the 4th quarter. Wasatch Advisors LP now owns 1,465,754 shares of the company’s stock worth $20,403,000 after purchasing an additional 46,484 shares in the last quarter. 8 Knots Management LLC acquired a new position in The Pennant Group during the 4th quarter worth approximately $25,578,000. Finally, Boone Capital Management LLC acquired a new position in The Pennant Group during the 4th quarter worth approximately $4,589,000. 85.88% of the stock is currently owned by institutional investors and hedge funds.

The Pennant Group Company Profile

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.