The Pennant Group (NASDAQ:PNTG) Price Target Raised to $36.00 at Truist Financial

The Pennant Group (NASDAQ:PNTG) had its price target lifted by Truist Financial from $34.00 to $36.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the company. Zacks Research downgraded The Pennant Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings raised The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Wells Fargo & Company boosted their price objective on The Pennant Group from $31.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Finally, Royal Bank Of Canada boosted their price objective on The Pennant Group from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

The Pennant Group Trading Up 2.1%

Shares of PNTG stock opened at $31.32 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. The Pennant Group has a 1 year low of $21.73 and a 1 year high of $35.00. The stock has a fifty day moving average of $31.74 and a two-hundred day moving average of $28.78. The firm has a market capitalization of $1.09 billion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30.

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

Institutional Investors Weigh In On The Pennant Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its position in shares of The Pennant Group by 154.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock worth $33,000 after purchasing an additional 717 shares during the period. Quarry LP acquired a new stake in shares of The Pennant Group during the third quarter worth $37,000. State of Alaska Department of Revenue acquired a new stake in shares of The Pennant Group during the third quarter worth $54,000. Quadrant Capital Group LLC raised its position in shares of 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 purchasing an additional 2,733 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in shares of 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 worth $86,000 after purchasing an additional 2,946 shares during the period. 85.88% of the stock is owned by institutional investors and hedge funds.

About The Pennant Group

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.