Brokerages Set PACS Group, Inc. (NYSE:PACS) Price Target at $31.00

PACS Group, Inc. (NYSE:PACS) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $31.57.

A number of analysts recently commented on PACS shares. Truist Financial restated a “buy” rating and issued a $32.00 price objective on shares of PACS Group in a research report on Wednesday, May 15th. Macquarie started coverage on PACS Group in a report on Friday. They set an “outperform” rating and a $35.00 price objective on the stock. Royal Bank of Canada increased their target price on PACS Group from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. Citigroup started coverage on shares of PACS Group in a research note on Monday, May 6th. They issued a “buy” rating and a $32.00 price target on the stock. Finally, Oppenheimer increased their price objective on shares of PACS Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 15th.

PACS Group Stock Performance

Shares of PACS opened at $29.24 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 5.75. The stock’s 50-day moving average is $27.97. PACS Group has a 1 year low of $22.61 and a 1 year high of $31.76.

PACS Group (NYSE:PACS) last released its quarterly earnings data on Monday, May 13th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.08. The firm had revenue of $934.72 million for the quarter, compared to the consensus estimate of $893.07 million. On average, research analysts forecast that PACS Group will post 1.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PACS Group news, CEO Jason Hulse Murray sold 1,607,142 shares of PACS Group stock in a transaction on Monday, April 15th. The shares were sold at an average price of $21.00, for a total value of $33,749,982.00. Following the sale, the chief executive officer now directly owns 62,754,551 shares in the company, valued at approximately $1,317,845,571. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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.