Royal Bank Of Canada Forecasts Strong Price Appreciation for The Pennant Group (NASDAQ:PNTG) Stock

The Pennant Group (NASDAQ:PNTG) had its price objective increased by analysts at Royal Bank Of Canada from $39.00 to $41.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 24.17% from the company’s current price.

Several other research firms have also weighed in on PNTG. Wells Fargo & Company raised their target price on The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Truist Financial raised The Pennant Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $28.00 to $34.00 in a research note on Tuesday, December 2nd. William Blair initiated coverage on The Pennant Group in a research report on Monday, December 8th. They set an “outperform” rating for the company. Wall Street Zen raised shares of The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of The Pennant Group in a research note on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.60.

The Pennant Group Trading Down 2.4%

Shares of NASDAQ PNTG opened at $33.02 on Monday. The business has a 50 day simple moving average of $30.04 and a 200 day simple moving average of $27.31. The Pennant Group has a 52 week low of $21.18 and a 52 week high of $35.00. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 2.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.04 and a current ratio of 1.14.

The Pennant Group (NASDAQ:PNTG) last posted its earnings results on Wednesday, February 25th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The Pennant Group had a net margin of 3.12% and a return on equity of 10.10%. The firm had revenue of $289.32 million during the quarter, compared to analysts’ expectations of $275.20 million. The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. On average, research analysts predict that The Pennant Group will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Pennant Group

Large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in The Pennant Group by 154.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock valued at $33,000 after purchasing an additional 717 shares during the period. Quarry LP bought a new stake in shares of The Pennant Group in the third quarter valued at about $37,000. State of Alaska Department of Revenue bought a new stake in shares of The Pennant Group in the third quarter valued at about $54,000. Quadrant Capital Group LLC grew its position in The Pennant Group by 608.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company’s stock worth $90,000 after buying an additional 2,733 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in The Pennant Group by 651.8% during the third quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock valued at $86,000 after acquiring an additional 2,946 shares during the period. 85.88% of the stock is currently owned by institutional investors and hedge funds.

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.