The Pennant Group (NASDAQ:PNTG) Price Target Raised to $41.00

The Pennant Group (NASDAQ:PNTG) had its target price boosted by Royal Bank Of Canada from $39.00 to $41.00 in a research note issued to investors on Monday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research firms also recently weighed in on PNTG. Weiss Ratings reissued a “hold (c)” rating on shares of The Pennant Group in a report on Monday, December 29th. Zacks Research cut shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. William Blair assumed coverage on shares of The Pennant Group in a research note on Monday, December 8th. They issued an “outperform” rating on the stock. Wells Fargo & Company increased their target price on shares of The Pennant Group from $31.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Finally, Truist Financial raised The Pennant Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $28.00 to $34.00 in a report on Tuesday, December 2nd. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.60.

The Pennant Group Price Performance

Shares of PNTG opened at $33.54 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.04. The Pennant Group has a 1-year low of $21.73 and a 1-year high of $35.00. The stock has a market cap of $1.16 billion, a PE ratio of 40.41, a price-to-earnings-growth ratio of 2.29 and a beta of 1.23. The firm has a fifty day moving average price of $30.13 and a 200 day moving average price of $27.36.

The Pennant Group (NASDAQ:PNTG) last posted its 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 business had revenue of $289.32 million for the quarter, compared to analysts’ expectations of $275.20 million. The Pennant Group had a return on equity of 10.10% and a net margin of 3.12%.The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. As a group, sell-side analysts anticipate that The Pennant Group will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in The Pennant Group by 174.5% in the first quarter. Royal Bank of Canada now owns 27,290 shares of the company’s stock valued at $687,000 after purchasing an additional 17,347 shares during the period. AQR Capital Management LLC lifted its holdings in shares of The Pennant Group by 32.6% in the 1st quarter. AQR Capital Management LLC now owns 10,255 shares of the company’s stock valued at $258,000 after buying an additional 2,524 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of The Pennant Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock valued at $488,000 after buying an additional 857 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of The Pennant Group by 4.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 81,392 shares of the company’s stock valued at $2,047,000 after buying an additional 3,507 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in The Pennant Group during the first quarter worth $297,000. 85.88% of the stock is owned by hedge funds and other institutional investors.

The Pennant Group Company Profile

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.