PACS Group, Inc. (NYSE:PACS) Receives Average Rating of “Moderate Buy” from Analysts

PACS Group, Inc. (NYSE:PACS) has earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $34.00.

PACS has been the subject of a number of recent research reports. Macquarie dropped their price objective on shares of PACS Group from $42.00 to $24.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. UBS Group assumed coverage on shares of PACS Group in a research note on Wednesday, October 9th. They issued a “buy” rating and a $50.00 price objective for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.00 target price on shares of PACS Group in a report on Tuesday, December 17th. Truist Financial lowered their target price on shares of PACS Group from $46.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Stephens lowered their target price on shares of PACS Group from $48.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, November 18th.

PACS Group Stock Performance

Shares of PACS stock opened at $12.81 on Friday. PACS Group has a 52-week low of $12.54 and a 52-week high of $43.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a fifty day moving average of $16.04 and a 200-day moving average of $29.79.

Institutional Investors Weigh In On PACS Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in PACS Group during the 2nd quarter valued at about $2,445,000. Rhumbline Advisers acquired a new position in PACS Group during the 2nd quarter valued at about $870,000. Oppenheimer Asset Management Inc. acquired a new position in PACS Group during the 2nd quarter valued at about $552,000. Renaissance Technologies LLC acquired a new position in PACS Group during the 2nd quarter valued at about $1,195,000. Finally, Amalgamated Bank acquired a new stake in shares of PACS Group in the 2nd quarter valued at approximately $25,000.

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.