PACS Group (NYSE:PACS) PT Raised to $46.00

PACS Group (NYSE:PACS) had its price objective lifted by analysts at Truist Financial from $44.00 to $46.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 12.39% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Stephens raised their price target on shares of PACS Group from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Oppenheimer raised their price objective on shares of PACS Group from $32.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. UBS Group started coverage on shares of PACS Group in a report on Wednesday, October 9th. They issued a “buy” rating and a $50.00 price objective for the company. Macquarie started coverage on shares of PACS Group in a report on Friday, June 28th. They issued an “outperform” rating and a $35.00 price objective for the company. Finally, Citigroup started coverage on shares of PACS Group in a report on Wednesday, September 11th. They issued a “buy” rating and a $45.00 price objective for the company. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, PACS Group presently has a consensus rating of “Buy” and a consensus target price of $39.38.

PACS Group Stock Performance

PACS opened at $40.93 on Monday. The firm has a 50 day moving average of $38.97. PACS Group has a 1-year low of $22.61 and a 1-year high of $42.25. 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 (NYSE:PACS) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.42). The firm had revenue of $981.80 million for the quarter, compared to the consensus estimate of $919.22 million. The business’s quarterly revenue was up 29.1% compared to the same quarter last year. On average, equities analysts expect that PACS Group will post 1.03 earnings per share for the current year.

Institutional Trading of PACS Group

Large investors have recently modified their holdings of the stock. Amalgamated Bank acquired a new stake in shares of PACS Group during the 2nd quarter worth approximately $25,000. Sandia Investment Management LP acquired a new stake in shares of PACS Group during the 2nd quarter worth approximately $295,000. The Manufacturers Life Insurance Company acquired a new stake in shares of PACS Group during the 2nd quarter worth approximately $302,000. SG Americas Securities LLC acquired a new stake in shares of PACS Group during the 3rd quarter worth approximately $548,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of PACS Group during the 2nd quarter worth approximately $552,000.

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.