PACS Group, Inc. (NYSE:PACS) Receives $39.88 Consensus PT from Analysts

PACS Group, Inc. (NYSE:PACS) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $37.13.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.00 price target on shares of PACS Group in a research report on Tuesday. Truist Financial boosted their target price on PACS Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Stephens dropped their price objective on shares of PACS Group from $48.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Citigroup initiated coverage on PACS Group in a research note on Wednesday, September 11th. They set a “buy” rating and a $45.00 target price for the company. Finally, UBS Group initiated coverage on shares of PACS Group in a research note on Wednesday, October 9th. They issued a “buy” rating and a $50.00 price target on the stock.

Institutional Trading of PACS Group

Institutional investors have recently bought and sold shares of the company. Amalgamated Bank purchased a new position in PACS Group during the second quarter worth $25,000. Whittier Trust Co. boosted its holdings in PACS Group by 152.2% in the third quarter. Whittier Trust Co. now owns 1,382 shares of the company’s stock valued at $55,000 after acquiring an additional 834 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of PACS Group in the 3rd quarter valued at about $66,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in PACS Group during the third quarter valued at approximately $251,000. Finally, US Bancorp DE boosted its position in PACS Group by 56.2% during the 3rd quarter. US Bancorp DE now owns 6,681 shares of the company’s stock worth $267,000 after purchasing an additional 2,404 shares during the period.

PACS Group Price Performance

Shares of NYSE:PACS opened at $13.07 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. PACS Group has a 52-week low of $12.85 and a 52-week high of $43.92. The business has a 50-day moving average price of $25.17 and a 200-day moving average price of $31.64.

PACS Group Company Profile

PACS Group, Inc, through its subsidiaries, operates skilled nursing facilities and assisted living facilities in the United States. The company also provides senior care and independent facilities. It engages in the acquisition, ownership, and leasing of health care-related properties. The company was founded in 2013 and is based in Farmington, Utah.