In a report released today, David S Macdonald from SunTrust Robinson maintained a Hold rating on Pennant Group (PNTG), with a price target of $28.00. The company’s shares closed last Thursday at $24.63.
According to TipRanks.com, Macdonald is a 5-star analyst with an average return of 11.3% and a 62.8% success rate. Macdonald covers the Healthcare sector, focusing on stocks such as American Renal Associates Holdings, Fresenius Medical Care, and Molina Healthcare.
Pennant Group has an analyst consensus of Hold, with a price target consensus of $27.00, a 9.8% upside from current levels. In a report issued on May 15, RBC Capital also maintained a Hold rating on the stock with a $26.00 price target.
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Based on Pennant Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $91.85 million and net profit of $2.98 million. In comparison, last year the company earned revenue of $77.91 million and had a net profit of $1.33 million.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PNTG in relation to earlier this year.
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The Pennant Group, Inc. engages in the provision of healthcare services. It operates through the following segments: Home Health and Hospice Services, Senior Living Services, and All Other. The Home Health and Hospice Services segment provides combination of clinical care services such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services. The Senior Living Services segment deals with assisted and independent living and memory care businesses. The All Other segment includes mobile diagnostic and laboratory services. The company was founded on January 24, 2019 and is headquartered in Eagle, ID.
