Analysts Set PACS Group, Inc. (NYSE:PACS) PT at $34.00

PACS Group, Inc. (NYSE:PACS) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $34.00.

Several analysts have recently commented on PACS shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.00 price target on shares of PACS Group in a research report on Tuesday, December 17th. Macquarie reduced their target price on PACS Group from $42.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Stephens lowered their price target on PACS Group from $48.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Truist Financial reduced their price objective 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, UBS Group started coverage on shares of PACS Group in a research report on Wednesday, October 9th. They issued a “buy” rating and a $50.00 target price on the stock.

Institutional Trading of PACS Group

Hedge funds have recently modified their holdings of the business. Amalgamated Bank acquired a new stake in shares of PACS Group during the 2nd quarter valued at approximately $25,000. Whittier Trust Co. raised its holdings in 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 during the last quarter. Crewe Advisors LLC acquired a new position in PACS Group during the third quarter worth $66,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in PACS Group during the third quarter worth $251,000. Finally, US Bancorp DE grew its holdings in PACS Group by 56.2% in the third quarter. US Bancorp DE now owns 6,681 shares of the company’s stock valued at $267,000 after purchasing an additional 2,404 shares during the last quarter.

PACS Group Trading Up 4.2 %

PACS stock opened at $13.37 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average of $15.69 and a two-hundred day moving average of $29.69. PACS Group has a 12 month low of $12.54 and a 12 month high of $43.92.

About PACS Group

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.