The Pennant Group (NASDAQ:PNTG) Given New $28.00 Price Target at Truist Financial

The Pennant Group (NASDAQ:PNTG) had its price target lowered by investment analysts at Truist Financial from $32.00 to $28.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 25.81% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. Wells Fargo & Company began coverage on The Pennant Group in a report on Thursday, December 19th. They set an “equal weight” rating and a $33.00 price target for the company. Oppenheimer increased their price objective on shares of The Pennant Group from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, The Pennant Group has an average rating of “Moderate Buy” and a consensus target price of $35.20.

The Pennant Group Stock Down 3.7 %

PNTG stock traded down $0.85 on Friday, reaching $22.26. 25,530 shares of the company traded hands, compared to its average volume of 209,062. The firm has a fifty day simple moving average of $26.27 and a 200-day simple moving average of $30.31. The company has a market cap of $766.24 million, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 2.24 and a beta of 2.06. The Pennant Group has a one year low of $18.21 and a one 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.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Summit Global Investments purchased a new stake in shares of The Pennant Group during the third quarter valued at $254,000. Premier Fund Managers Ltd purchased a new stake in shares of The Pennant Group during the 3rd quarter valued at about $976,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of The Pennant Group during the 3rd quarter valued at about $363,000. Intech Investment Management LLC bought a new stake in shares of The Pennant Group in the third quarter worth approximately $232,000. Finally, Navellier & Associates Inc. purchased a new position in shares of The Pennant Group during the third quarter valued at approximately $874,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group Company Profile

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.