Truist keeps USD 48.00 target for Pennant Group stock
Published on 10/17/2026 at 20:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and operating scale
- On September 23, 2026, Truist Securities maintained a USD 48.00 target for The Pennant Group.
- Revenue reached USD 297.98 million in the June 2026 quarter, up 37.30 percent year over year.
- Pennant Group stock last traded at USD 41.87 on October 16, 2026 at 4:00 p.m. ET, down 0.95 percent on Nasdaq versus the prior close of October 15, 2026.
- The price-to-earnings ratio was 46.52 and market capitalization was USD 1.5 billion on October 16, 2026.
Truist Securities maintained its Buy rating and USD 48.00 price target for The Pennant Group on September 23, 2026, putting the target 14.65 percent above the last Nasdaq quote of USD 41.87. The analyst view was reported by Investing.com. The last Nasdaq quote stood at USD 41.87 on October 16, 2026 at 4:00 p.m. ET, down 0.95 percent versus the prior close of October 15, 2026.
June quarter delivered USD 297.98 million
The Pennant Group reported USD 297.98 million in revenue for the second quarter of 2026, up 37.30 percent from the same quarter a year earlier. Adjusted earnings per share came to USD 0.36, compared with USD 0.33 expected by analysts, while full-year revenue guidance centered on USD 1.18 billion. Those figures were reported by The Globe and Mail on August 5, 2026.
Range and volume frame the quote
The stock's 52-week range was USD 22.25 to USD 42.74 on October 16, 2026. At USD 41.87, the shares stood 2.04 percent below the high and 88.18 percent above the low. Trading volume was 181,645 shares, 41.76 percent below the average volume of 311,918 shares for the same session.
The company had also announced the acquisition of the real estate of Mainplace Senior Living in Orange, California, on September 16, 2026. Its investor-relations page describes a healthcare platform with more than 120 home health and hospice agencies and more than 50 senior living communities across the United States, according to Pennant Group.
Valuation and operating footprint
Market capitalization was USD 1.5 billion and the price-to-earnings ratio was 46.52 on October 16, 2026. The company operates through home health and hospice services and senior living, with its businesses spread across 13 states. The operating mix gives the quarterly revenue figure a broader base than a single-care-site model.
Comparison with peers
The Pennant Group (Nasdaq, USD): minus 0.95 percent, P/E 46.52, market capitalization USD 1.5 billion.
Addus HomeCare (Nasdaq, USD): minus 0.44 percent, P/E 20.35, market capitalization USD 2.2 billion.
The Ensign Group (Nasdaq, USD): minus 0.83 percent, P/E 27.68, market capitalization USD 10.3 billion.
The Nasdaq distance is 2.04 percent
The Pennant Group remained below its 52-week high while its latest quarter combined 37.30 percent revenue growth with adjusted earnings per share of USD 0.36. The analyst target of USD 48.00 therefore sits above both the latest quote and the October 16, 2026 comparison level.
Pennant Group market facts
- Company: The Pennant Group, Inc.
- ISIN: US70805E1091
- Ticker: PNTG
- Primary exchange: Nasdaq
- Last Nasdaq quote: USD 41.87 on October 16, 2026 at 4:00 p.m. ET
- Change on Nasdaq: minus 0.95 percent versus the prior close of October 15, 2026
- Market capitalization: USD 1.5 billion (as of October 16, 2026)
- 52-week range: USD 22.25-42.74 (as of October 16, 2026)
- Sector / Industry: Healthcare / Medical - Care Facilities
Market context: Market report Nasdaq Composite.
