Analysts Set The Pennant Group, Inc. (NASDAQ:PNTG) Price Target at $43.50

The Pennant Group, Inc. (NASDAQ:PNTG) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $42.20.

PNTG has been the topic of several recent analyst reports. Stifel Nicolaus initiated coverage on shares of The Pennant Group in a research report on Monday, September 20th. They set a “buy” rating and a $37.00 price objective on the stock. Truist Securities decreased their price objective on shares of The Pennant Group from $44.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, August 11th. Truist decreased their price objective on shares of The Pennant Group from $44.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, August 11th. Royal Bank of Canada reduced their price target on shares of The Pennant Group from $50.00 to $44.00 and set an “outperform” rating on the stock in a report on Wednesday, August 11th. Finally, Zacks Investment Research downgraded shares of The Pennant Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 17th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors increased its holdings in shares of The Pennant Group by 1,696.7% in the 1st quarter. Captrust Financial Advisors now owns 539 shares of the company’s stock worth $25,000 after buying an additional 509 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of The Pennant Group in the 1st quarter worth about $28,000. Fifth Third Bancorp increased its holdings in shares of The Pennant Group by 32.5% in the 1st quarter. Fifth Third Bancorp now owns 1,235 shares of the company’s stock worth $57,000 after buying an additional 303 shares during the last quarter. Sageworth Trust Co bought a new stake in shares of The Pennant Group in the 1st quarter worth about $69,000. Finally, SG Americas Securities LLC bought a new stake in shares of The Pennant Group in the 1st quarter worth about $158,000. Institutional investors own 87.92% of the company’s stock.

Shares of The Pennant Group stock traded up $1.29 on Monday, hitting $31.44. 1,881 shares of the company’s stock were exchanged, compared to its average volume of 112,076. The stock has a market capitalization of $891.70 million, a PE ratio of 75.38 and a beta of 2.60. The Pennant Group has a 1 year low of $25.34 and a 1 year high of $69.56. The company has a 50-day simple moving average of $31.39 and a 200-day simple moving average of $37.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.89 and a current ratio of 0.89.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings data on Monday, August 9th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The firm had revenue of $110.35 million for the quarter, compared to the consensus estimate of $107.50 million. The Pennant Group had a net margin of 2.85% and a return on equity of 17.47%. On average, analysts expect that The Pennant Group will post 0.66 EPS for the current fiscal year.

About The Pennant Group

The Pennant Group, Inc provides healthcare services in Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming. 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.

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