Brokerages Set The Pennant Group, Inc. (NASDAQ:PNTG) Target Price at $36.20

Shares of The Pennant Group, Inc. (NASDAQ:PNTGGet Free Report) have been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $36.20.

Several analysts have recently weighed in on PNTG shares. Truist Financial upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $28.00 to $34.00 in a research report on Tuesday, December 2nd. Wells Fargo & Company increased their price target on shares of The Pennant Group from $31.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. William Blair started coverage on shares of The Pennant Group in a research note on Monday, December 8th. They set an “outperform” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of The Pennant Group in a research note on Friday, December 19th. Finally, Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, February 21st.

Read Our Latest Stock Report on The Pennant Group

The Pennant Group Trading Up 10.6%

Shares of PNTG opened at $33.71 on Wednesday. The Pennant Group has a 12-month low of $21.18 and a 12-month high of $35.00. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 40.61, a P/E/G ratio of 2.12 and a beta of 1.27. The stock’s 50-day moving average price is $29.88 and its 200 day moving average price is $27.19.

The Pennant Group (NASDAQ:PNTGGet Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $289.32 million during the quarter, compared to the consensus estimate of $275.20 million. The Pennant Group had a return on equity of 10.41% 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, research analysts predict that The Pennant Group will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On The Pennant Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Van Berkom & Associates Inc. raised its stake in shares of The Pennant Group by 10.1% in the third quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock worth $78,505,000 after acquiring an additional 284,856 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of The Pennant Group by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock valued at $57,707,000 after purchasing an additional 82,071 shares in the last quarter. Ophir Asset Management Pty Ltd raised its position in The Pennant Group by 24.1% in the 4th quarter. Ophir Asset Management Pty Ltd now owns 1,326,850 shares of the company’s stock worth $37,351,000 after purchasing an additional 257,840 shares during the last quarter. Geode Capital Management LLC lifted its holdings in The Pennant Group by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 832,481 shares of the company’s stock worth $24,853,000 after buying an additional 36,357 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in The Pennant Group by 71.1% during the 4th quarter. Wellington Management Group LLP now owns 817,914 shares of the company’s stock worth $23,024,000 after buying an additional 339,870 shares in the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

Key The Pennant Group News

Here are the key news stories impacting The Pennant Group this week:

The Pennant Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for The Pennant Group (NASDAQ:PNTG)

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