PNTG (NASDAQ:PNTG) Target Lowered by Truist Securities to $28.00

PNTG stock has undergone multiple analysts rating changes in the recent past.  stock Target Lowered by Truist Securities on 10/13/2021. In a note to investors, the firm issued a new target price of $28.00. The analysts previously had $35.00 target price. Truist Securities’s price target would indicate a potential upside of 15.94% from the stock’s previous close.

Shares of traded on Wednesday, reaching $24.21. 0 shares of the stock traded hands, compared to its average volume of 88348. On Wednesday, Shares of closed at $24.21. The firm’s 50 day moving average is $29.44 and its 200 day moving average is $41.53.  has a 12 month low of $22.63 and a 12 month high of $69.56. While on yearly highs and lows, today has traded high as $25.20 and has touched $23.88 on the downward trend.

Earnings and What to expect: 

The Pennant Group last issued its quarterly earnings data on August 9th, 2021. The reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $110.35 million for the quarter, compared to analysts’ expectations of $107.50 million. The Pennant Group has generated $0.77 earnings per share over the last year ($0.40 diluted earnings per share) and currently has a price-to-earnings ratio of 60.5. Earnings for The Pennant Group are expected to grow by 30.30% in the coming year, from $0.66 to $0.86 per share. The Pennant Group has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, November 9th, 2021 based off prior year’s report dates.

Earnings for The Pennant Group are expected to grow by 30.30% in the coming year, from $0.66 to $0.86 per share. The P/E ratio of The Pennant Group is 60.53, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.75. The P/E ratio of The Pennant Group is 60.53, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 32.33. The Pennant Group has a P/B Ratio of 6.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

(NASDAQ:PNTG) Moving Average Technical Analysis

5 day Moving Average is $$24.31 And 5 day price change is -$1.09 (-4.31%)  with average volume for 5 day average is 67,360. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $28.26 and 20 day price change is -$5.40 (-18.24%) and average 20 day moving volume is 91,280. 50 day moving average is $29.44  and 50 day price change is -$9.29 ( -27.73%)  and with average volume for 50 days is : 89,604. 200 day moving average is $41.53  and 200 day price change is -$38.09 (-61.14%)  and with average volume for 200 days is : 110,452.

Other owners latest trading in PNTG :

  • On 10/12/2021 shares held by Louisiana State Employees Retirement System were 13,000 which equates to market value of $0.37M and appx 0.00% owners of PNTG
  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 19,658 which equates to market value of $0.55M and appx 0.00% owners of PNTG
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 79,626 which equates to market value of $3.26M and appx 0.00% owners of PNTG
  • In total Institutional ownership equates to Institutional Ownership Percentage: 87.92% for PNTG

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