The Pennant Group (NASDAQ:PNTG) Rating Reiterated by Stephens

The Pennant Group (NASDAQ:PNTG)‘s stock had its “overweight” rating reaffirmed by investment analysts at Stephens in a note issued to investors on Tuesday, Benzinga reports. They presently have a $23.00 price target on the stock. Stephens’ target price would suggest a potential upside of 7.83% from the company’s previous close.

A number of other equities analysts also recently commented on PNTG. Truist Financial boosted their price objective on The Pennant Group from $16.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Oppenheimer upped their price target on The Pennant Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st.

The Pennant Group Price Performance

Shares of The Pennant Group stock traded down $0.24 during trading hours on Tuesday, reaching $21.33. The stock had a trading volume of 59,179 shares, compared to its average volume of 144,277. The Pennant Group has a twelve month low of $10.31 and a twelve month high of $22.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average is $19.78 and its 200 day moving average is $16.11. The firm has a market capitalization of $640.11 million, a PE ratio of 47.41, a PEG ratio of 2.26 and a beta of 2.01.

The Pennant Group (NASDAQ:PNTG) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $145.95 million for the quarter, compared to analysts’ expectations of $136.79 million. The Pennant Group had a return on equity of 12.78% and a net margin of 2.46%. During the same period in the previous year, the business posted $0.15 EPS. Equities analysts expect that The Pennant Group will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of The Pennant Group

Several hedge funds have recently made changes to their positions in PNTG. AJOVista LLC acquired a new position in shares of The Pennant Group during the fourth quarter valued at approximately $35,000. DekaBank Deutsche Girozentrale purchased a new position in The Pennant Group during the 4th quarter worth approximately $52,000. Allspring Global Investments Holdings LLC raised its stake in The Pennant Group by 21.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,443 shares of the company’s stock valued at $61,000 after purchasing an additional 944 shares during the period. SG Americas Securities LLC purchased a new stake in shares of The Pennant Group in the fourth quarter valued at $107,000. Finally, Mackenzie Financial Corp purchased a new position in shares of The Pennant Group during the fourth quarter valued at $155,000. Institutional investors own 85.88% of the company’s stock.

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.