PACS Group, Inc. (NYSE:PACS) Given Average Rating of “Buy” by Analysts

Shares of PACS Group, Inc. (NYSE:PACS) have been given an average recommendation of “Buy” by the eight research firms that are currently covering the company, Marketbeat reports. Eight analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have covered the stock in the last year is $39.88.

Several equities analysts have commented on PACS shares. Oppenheimer upped their price target on PACS Group from $32.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Citigroup started coverage on shares of PACS Group in a research note on Wednesday, September 11th. They issued a “buy” rating and a $45.00 price objective for the company. JPMorgan Chase & Co. restated an “overweight” rating and set a $40.00 target price on shares of PACS Group in a research report on Wednesday, November 6th. Stephens lowered their price target on PACS Group from $48.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Truist Financial lifted their price objective on PACS Group from $44.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PACS. Amalgamated Bank acquired a new stake in PACS Group in the 2nd quarter valued at about $25,000. Whittier Trust Co. lifted its position in shares of PACS Group by 152.2% during the third quarter. Whittier Trust Co. now owns 1,382 shares of the company’s stock worth $55,000 after purchasing an additional 834 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of PACS Group during the third quarter valued at approximately $66,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of PACS Group in the third quarter valued at approximately $251,000. Finally, US Bancorp DE raised its position in PACS Group by 56.2% in 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 last quarter.

PACS Group Stock Performance

NYSE PACS opened at $16.77 on Friday. PACS Group has a twelve month low of $16.53 and a twelve month high of $43.92. The firm has a 50-day simple moving average of $35.40 and a 200 day simple moving average of $33.48. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82.

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.