The Pennant Group, Inc. (NASDAQ:PNTG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of The Pennant Group, Inc. (NASDAQ:PNTG) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $41.60.

PNTG has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on shares of The Pennant Group from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Wall Street Zen raised shares of The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Weiss Ratings upgraded shares of The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Truist Financial lifted their price objective on The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Wells Fargo & Company boosted their target price on The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th.

The Pennant Group Trading Down 5.8%

PNTG opened at $40.03 on Friday. The Pennant Group has a one year low of $22.25 and a one year high of $42.74. The company has a market cap of $1.40 billion, a P/E ratio of 44.48, a PEG ratio of 2.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.20 and a current ratio of 1.20. The business’s 50-day simple moving average is $39.53 and its 200-day simple moving average is $35.38.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $297.98 million during the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. As a group, equities research analysts expect that The Pennant Group will post 1.18 EPS for the current fiscal year.

Institutional Trading of The Pennant Group

A number of institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC raised its position in The Pennant Group by 62.1% in the second quarter. Squarepoint Ops LLC now owns 46,785 shares of the company’s stock worth $1,729,000 after acquiring an additional 17,916 shares in the last quarter. Nykredit A S acquired a new stake in The Pennant Group in the second quarter valued at $29,000. Corient Private Wealth LP purchased a new stake in shares of The Pennant Group during the 2nd quarter worth $354,000. Grandeur Peak Global Advisors LLC purchased a new stake in shares of The Pennant Group during the 2nd quarter worth $6,644,000. Finally, Bank of America Corp DE acquired a new position in shares of The Pennant Group during the 2nd quarter worth $3,430,000. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

About The Pennant Group

The Pennant Group, Inc is a healthcare services company that operates home health, hospice and personal care businesses, as well as senior living communities. Its services are designed to support older adults and other patients in their homes, residential settings and communities, with offerings that may include skilled nursing, therapy, hospice care, assisted living and memory care.

The company serves patients and residents through a network of affiliated operating companies and communities across multiple U.S.