The Pennant Group (NASDAQ:PNTG) Price Target Cut to $32.00 by Analysts at Truist Financial

The Pennant Group (NASDAQ:PNTG) had its price target cut by stock analysts at Truist Financial from $38.00 to $32.00 in a report issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 20.57% from the stock’s current price.

Several other research firms have also commented on PNTG. Stephens restated an “overweight” rating and issued a $40.00 price objective on shares of The Pennant Group in a research report on Wednesday, October 9th. Wells Fargo & Company assumed coverage on The Pennant Group in a research report on Thursday, December 19th. They issued an “equal weight” rating and a $33.00 price target for the company. Oppenheimer boosted their price objective on The Pennant Group from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada raised their target price on The Pennant Group from $26.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

The Pennant Group Stock Up 0.3 %

NASDAQ:PNTG opened at $26.54 on Monday. The firm has a market capitalization of $911.60 million, a P/E ratio of 39.03, a PEG ratio of 2.99 and a beta of 1.93. The company’s fifty day moving average price is $30.28 and its 200-day moving average price is $30.56. The Pennant Group has a 1-year low of $14.12 and a 1-year high of $37.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.12 and a quick ratio of 1.12.

Hedge Funds Weigh In On The Pennant Group

Several large investors have recently bought and sold shares of PNTG. FMR LLC boosted its position in shares of The Pennant Group by 51.3% during the 3rd quarter. FMR LLC now owns 2,528,512 shares of the company’s stock worth $90,268,000 after acquiring an additional 856,838 shares in the last quarter. Crewe Advisors LLC boosted its holdings in The Pennant Group by 1.6% in the third quarter. Crewe Advisors LLC now owns 742,958 shares of the company’s stock valued at $26,524,000 after purchasing an additional 11,927 shares in the last quarter. Geode Capital Management LLC increased its stake in The Pennant Group by 0.4% in the third quarter. Geode Capital Management LLC now owns 682,132 shares of the company’s stock valued at $24,357,000 after purchasing an additional 2,963 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in The Pennant Group by 2.1% during the second quarter. First Eagle Investment Management LLC now owns 391,748 shares of the company’s stock worth $9,085,000 after purchasing an additional 8,000 shares in the last quarter. Finally, De Lisle Partners LLP raised its holdings in The Pennant Group by 7.6% during the third quarter. De Lisle Partners LLP now owns 343,340 shares of the company’s stock worth $12,254,000 after purchasing an additional 24,321 shares in the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

About The Pennant Group

The Pennant Group, Inc provides healthcare services in the United States. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, spiritual, and psychosocial needs of terminally ill patients and their families.