Truist Financial Cuts The Pennant Group (NASDAQ:PNTG) Price Target to $32.00

The Pennant Group (NASDAQ:PNTG) had its price target decreased by Truist Financial from $38.00 to $32.00 in a research note issued to investors on Monday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

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

The Pennant Group Stock Up 0.9 %

The Pennant Group stock opened at $26.57 on Monday. The Pennant Group has a twelve month low of $14.79 and a twelve month high of $37.13. The stock has a market cap of $912.63 million, a P/E ratio of 39.07, a P/E/G ratio of 2.99 and a beta of 1.93. The company’s 50-day moving average price is $29.83 and its two-hundred day moving average price is $30.58. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PNTG. Franklin Resources Inc. increased its holdings in The Pennant Group by 26.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,347 shares of the company’s stock valued at $638,000 after buying an additional 3,859 shares during the period. FMR LLC increased its stake in The Pennant Group by 51.3% in the third quarter. FMR LLC now owns 2,528,512 shares of the company’s stock valued at $90,268,000 after acquiring an additional 856,838 shares during the last quarter. Barclays PLC raised its position in The Pennant Group by 375.0% during the third quarter. Barclays PLC now owns 49,101 shares of the company’s stock valued at $1,753,000 after purchasing an additional 38,763 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in The Pennant Group during the third quarter worth $685,000. Finally, Geode Capital Management LLC lifted its stake in The Pennant Group by 0.4% during the third quarter. Geode Capital Management LLC now owns 682,132 shares of the company’s stock worth $24,357,000 after purchasing an additional 2,963 shares during the last quarter. Institutional investors and hedge funds 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.