PACS Group (NYSE:PACS – Get Free Report) had its price objective lifted by stock analysts at Stephens from $37.00 to $40.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ price target indicates a potential upside of 6.92% from the company’s previous close.
Other analysts also recently issued research reports about the company. Macquarie initiated coverage on PACS Group in a research note on Friday, June 28th. They set an “outperform” rating and a $35.00 target price on the stock. Oppenheimer boosted their price target on shares of PACS Group from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday. Citigroup boosted their target price on shares of PACS Group from $34.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. began coverage on PACS Group in a research report on Monday, May 6th. They issued an “overweight” rating and a $27.00 price target for the company. Finally, Royal Bank of Canada lifted their target price on PACS Group from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $35.86.
Read Our Latest Stock Report on PACS
PACS Group Stock Performance
PACS Group (NYSE:PACS – Get Free Report) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.41). The business had revenue of $981.80 million for the quarter, compared to analyst estimates of $919.22 million. PACS Group’s revenue for the quarter was up 29.1% compared to the same quarter last year. On average, equities analysts expect that PACS Group will post 1.51 EPS for the current fiscal year.
Institutional Investors Weigh In On PACS Group
Institutional investors have recently bought and sold shares of the company. Amalgamated Bank purchased a new position in PACS Group during the second quarter worth about $25,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of PACS Group during the 2nd quarter valued at approximately $552,000. Rhumbline Advisers purchased a new position in PACS Group in the second quarter worth approximately $870,000. Renaissance Technologies LLC purchased a new stake in PACS Group in the second quarter valued at $1,195,000. Finally, Caas Capital Management LP purchased a new stake in shares of PACS Group in the 2nd quarter valued at approximately $1,386,000.
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.
See Also
- Five stocks we like better than PACS Group
- What is the Hang Seng index?
- 3 High-Potential Stocks That Could Turn Into Multi-Baggers
- How to Read Stock Charts for Beginners
- CEO Swap: Starbucks Surges 22% on Hiring New CEO From Chipotle
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- 3 Small Cap Stocks Insiders Are Actively Buying
Receive News & Ratings for PACS Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACS Group and related companies with MarketBeat.com's FREE daily email newsletter.