The Pennant Group (NASDAQ:PNTG) Price Target Raised to $41.00 at Wells Fargo & Company

The Pennant Group (NASDAQ:PNTG) had its price objective increased by Wells Fargo & Company from $38.00 to $41.00 in a research note published on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other research analysts have also recently issued reports about the company. Zacks Research cut The Pennant Group from a “strong-buy” rating to a “hold” rating in a report 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. Wall Street Zen cut The Pennant Group from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Truist Financial raised their price objective on The Pennant Group from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Royal Bank Of Canada upped their target price on shares of The Pennant Group from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, The Pennant Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

The Pennant Group Stock Performance

PNTG opened at $35.90 on Friday. The Pennant Group has a 1 year low of $21.73 and a 1 year high of $37.54. The stock has a market cap of $1.25 billion, a P/E ratio of 42.24, a P/E/G ratio of 2.44 and a beta of 1.28. The firm has a fifty day moving average price of $31.60 and a 200 day moving average price of $29.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.19 and a quick ratio of 1.14.

The Pennant Group (NASDAQ:PNTG) last issued its earnings results on Wednesday, May 6th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The Pennant Group had a net margin of 2.96% and a return on equity of 10.07%. The company had revenue of $285.36 million for the quarter, compared to the consensus estimate of $280.75 million. Equities research analysts anticipate that The Pennant Group will post 1.13 earnings per share for the current year.

Hedge Funds Weigh In On The Pennant Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of The Pennant Group by 3.9% during the fourth quarter. SG Americas Securities LLC now owns 15,926 shares of the company’s stock worth $448,000 after purchasing an additional 600 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position 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 buying an additional 717 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in The Pennant Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock valued at $488,000 after buying an additional 857 shares during the period. Parallel Advisors LLC grew its stake in shares of The Pennant Group by 1,186.8% in the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $42,000 after acquiring an additional 1,258 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of The Pennant Group by 11.3% during the second quarter. The Manufacturers Life Insurance Company now owns 12,400 shares of the company’s stock worth $370,000 after acquiring an additional 1,263 shares during the period. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

The Pennant Group News Summary

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

• Positive Sentiment: Truist raised its price target on The Pennant Group (PNTG) to $42 from $36 and reiterated a Buy rating, implying additional upside from current levels. Truist raises PNTG price target
• Positive Sentiment: Royal Bank of Canada increased its target to $42 from $41 and maintained an Outperform rating, adding to the bullish analyst momentum. RBC raises PNTG price target
• Positive Sentiment: Wells Fargo lifted its price target to $41 from $38 and kept an Overweight rating, signaling continued optimism about Pennant’s growth outlook. Wells Fargo raises PNTG price target
• Positive Sentiment: Q1 earnings and revenue topped expectations, with EPS of $0.32 versus the $0.31 consensus and revenue of $285.36 million versus estimates of $280.75 million, reinforcing the company’s execution. PNTG Q1 earnings beat estimates
• Neutral Sentiment: Recent coverage focused on integration progress from the Amedisys-related work, margin stability, and Southeast expansion, which supports the long-term story but is still more of a medium-term operational update. Pennant considers JVs, M&A as integration continues

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.