Providing a wide range of outlooks from bullish to bearish, 5 analysts have published ratings on Pennant Gr PNTG in the last three months.
In the table below you’ll find a summary of their recent ratings, revealing changing sentiments over the past 30 days and comparing them to previous months.
| Bullish | A little bullish | Indifferent | A little bearish | Bearish | |
|---|---|---|---|---|---|
| Total ratings | 0 | 4 | 1 | 0 | 0 |
| Last 30 days | 0 | 1 | 1 | 0 | 0 |
| 1 million ago | 0 | 0 | 0 | 0 | 0 |
| 2 million ago | 0 | 3 | 0 | 0 | 0 |
| 3 million ago | 0 | 0 | 0 | 0 | 0 |
Analysts recently rated Pennant Gr and provided 12-month price targets. The average target is $19.4, accompanied by a high estimate of $22.00 and a low estimate of $18.00. This current average reflects an increase of 16.38% from the previous average price target of $16.67.
Interpreting analyst ratings: A closer look
Pennant Gr’s position among financial experts becomes clear with an in-depth analysis of recent analyst actions. The summary below outlines key analysts, their recent ratings, and adjustments to ratings and price targets.
| Analyst | Analytics company | Action taken | Assessment | Current price target | Previous price target |
|---|---|---|---|---|---|
| Michael Wiederhorn | Oppenheimer | Raise | Far surpass | $22.00 | $18.00 |
| David MacDonald | Fiduciary Securities | Raise | Jack | $21.00 | $16.00 |
| Michael Wiederhorn | Oppenheimer | Raise | Far surpass | $18.00 | $16.00 |
| Scott Fidel | Stephens & Co. | Maintains | Overweight | $18.00 | – |
| Scott Fidel | Stephens & Co. | Announce | Overweight | $18.00 | – |
Key Insights:
- Action taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they “hold”, “raise” or “lower” their position, it indicates their reaction to recent developments related to Pennant Gr. This view provides a snapshot of analysts’ perspectives on the current state of the company.
- Assessment: Analysts assign qualitative ratings to stocks, ranging from “Outperform” to “Underperform.” These ratings convey analysts’ expectations for Pennant Gr’s relative performance compared to the broader market.
- Price targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Pennant Gr stock. This examination reveals changes in analyst expectations over time.
Considering these analyst ratings alongside other financial indicators can offer a comprehensive understanding of Pennant Gr’s market position. Stay informed and make informed decisions with our ratings table.
Stay updated on Pennant Gr analysts’ ratings.
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Everything you need to know about Pennant Gr
Pennant Group Inc is committed to providing healthcare services to patients of all ages, including the growing elderly population, in the United States. It operates across multiple lines of business, including home health and hospice services, which includes our home health, hospice and assisted living businesses, and senior living, which includes our assisted living, independent living and family memory care communities. company in Arizona, California, Colorado, Idaho, Iowa, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. The majority of revenues are generated by the Home Health and Hospice Services segment.
Pennant Gr: financial performance analyzed
Market capitalization analysis: Reflecting a smaller scale, the company’s market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue growth: Pennant Gr showed positive results in 3 months. As of September 30, 2023, the company achieved a solid revenue growth rate of approximately 18.46%. This indicates a notable increase in the company’s profits. Compared to its industry peers, the company stands out with an above-average growth rate among healthcare industry peers.
Net margin: Pennant Gr’s net margin excels beyond industry benchmarks, achieving 3.13%. This means efficient cost management and solid financial health.
Return on equity (ROE): The company’s ROE is exceptional and exceeds industry averages. With an impressive ROE of 3.33%, the company presents an effective use of equity capital.
Return on Assets (ROA): Pennant Gr’s ROA excels beyond industry benchmarks, achieving 0.85%. This means efficient asset management and solid financial health.
Debt Management: Pennant Gr’s debt-to-equity ratio exceeds industry norms at 2.38. This suggests that the company has a significant amount of debt, posing potential financial challenges.
The basis of analyst ratings
Experts in banking and financial systems, analysts specialize in reporting for specific securities or defined sectors. Their comprehensive research involves attending conference calls and company meetings, analyzing financial statements and engaging insiders to generate what are known as analyst ratings for stocks. Typically, analysts evaluate and rate each stock once a quarter.
Some analysts will also offer forecasts for metrics such as growth estimates, earnings and revenue to provide further guidance on the stock. Investors using analyst ratings should note that this specialized advice comes from humans and may be subject to errors.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.