The Pennant Group (NASDAQ:PNTG) Price Target Raised to $44.00

by · The Markets Daily

The Pennant Group (NASDAQ:PNTG – Free Report) had its price objective upped by Royal Bank Of Canada from $42.00 to $44.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also issued reports on PNTG. Wells Fargo & Company upped their target price on The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Weiss Ratings raised shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Truist Financial upped their price objective on shares of The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.60.

View Our Latest Stock Report on The Pennant Group

The Pennant Group Trading Down 0.3%

NASDAQ PNTG opened at $38.88 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.48. The stock’s 50-day simple moving average is $38.57 and its two-hundred day simple moving average is $34.36. The Pennant Group has a twelve month low of $22.25 and a twelve month high of $42.69. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 43.20, a PEG ratio of 2.53 and a beta of 1.26.

The Pennant Group (NASDAQ:PNTG – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $297.98 million during the quarter, compared to analysts’ expectations of $288.71 million. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%.The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. Research analysts forecast that The Pennant Group will post 1.18 EPS for the current fiscal year.

Hedge Funds Weigh In On The Pennant Group

Hedge funds have recently modified their holdings of the company. Nykredit A S purchased a new stake in shares of The Pennant Group during the second quarter worth about $29,000. Grandeur Peak Global Advisors LLC bought a new stake in shares of The Pennant Group in the second quarter worth about $6,644,000. Corient Private Wealth LP purchased a new position in The Pennant Group during the 2nd quarter valued at about $354,000. Bank of America Corp DE purchased a new stake in The Pennant Group in the 2nd quarter worth approximately $3,430,000. Finally, Boone Capital Management LLC bought a new position in shares of The Pennant Group during the second quarter valued at approximately $19,059,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.

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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