Brokerages Set PACS Group, Inc. (NYSE:PACS) PT at $39.38

PACS Group, Inc. (NYSE:PACS) has been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have covered the stock in the last year is $39.38.

Several research analysts have recently commented on the stock. Stephens increased their price target on shares of PACS Group from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Truist Financial increased their price target on shares of PACS Group from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. UBS Group assumed coverage on shares of PACS Group in a research note on Wednesday, October 9th. They set a “buy” rating and a $50.00 price target on the stock. Oppenheimer increased their price target on shares of PACS Group from $32.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. Finally, Citigroup assumed coverage on shares of PACS Group in a research note on Wednesday, September 11th. They set a “buy” rating and a $45.00 price target on the stock.

PACS Group Trading Up 1.7 %

PACS Group stock opened at $42.93 on Monday. 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’s 50 day moving average price is $39.99 and its two-hundred day moving average price is $33.47. PACS Group has a twelve month low of $22.61 and a twelve month high of $43.23.

PACS Group (NYSE:PACS) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.42). The business had revenue of $981.80 million for the quarter, compared to analysts’ expectations of $919.22 million. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. On average, analysts forecast that PACS Group will post 1.03 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Deerfield Management Company L.P. Series C bought a new stake in PACS Group in the 2nd quarter valued at $19,584,000. Allspring Global Investments Holdings LLC boosted its holdings in PACS Group by 48.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 378,325 shares of the company’s stock valued at $15,122,000 after purchasing an additional 123,654 shares during the period. Lighthouse Investment Partners LLC bought a new position in shares of PACS Group during the 2nd quarter worth about $8,946,000. Millennium Management LLC bought a new position in shares of PACS Group during the 2nd quarter worth about $8,905,000. Finally, Ghisallo Capital Management LLC bought a new position in shares of PACS Group during the 2nd quarter worth about $8,850,000.

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.