PACS Group (NYSE:PACS) Now Covered by Analysts at Citigroup

Citigroup initiated coverage on shares of PACS Group (NYSE:PACS) in a report issued on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $45.00 target price on the stock.

PACS has been the subject of a number of other reports. Truist Financial upped their price target on PACS Group from $36.00 to $44.00 and gave the company a buy rating in a research note on Thursday, August 15th. Oppenheimer boosted their price objective on PACS Group from $32.00 to $40.00 and gave the company an outperform rating in a research report on Tuesday, August 13th. Macquarie began coverage on PACS Group in a research report on Friday, June 28th. They issued an outperform rating and a $35.00 price objective for the company. Stephens boosted their price objective on PACS Group from $37.00 to $40.00 and gave the company an overweight rating in a research report on Tuesday, August 13th. Finally, Royal Bank of Canada upped their price target on PACS Group from $30.00 to $32.00 and gave the stock an outperform rating in a research report on Wednesday, May 15th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, PACS Group currently has a consensus rating of Buy and an average price target of $37.57.

PACS Group Stock Performance

Shares of NYSE:PACS opened at $40.72 on Wednesday. PACS Group has a 52 week low of $22.61 and a 52 week 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. The firm has a fifty day moving average price of $36.05.

PACS Group (NYSE:PACS) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.42). The company had revenue of $981.80 million during the quarter, compared to analyst estimates of $919.22 million. PACS Group’s revenue was up 29.1% compared to the same quarter last year. As a group, equities research analysts anticipate that PACS Group will post 1.03 earnings per share for the current fiscal year.

Institutional Trading of PACS Group

Several large investors have recently bought and sold shares of the business. Amalgamated Bank acquired a new stake in shares of PACS Group during the second quarter valued at about $25,000. Sandia Investment Management LP acquired a new stake in shares of PACS Group during the second quarter valued at about $295,000. The Manufacturers Life Insurance Company acquired a new stake in shares of PACS Group during the second quarter valued at about $302,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of PACS Group during the second quarter valued at about $552,000. Finally, Marshall Wace LLP acquired a new stake in shares of PACS Group during the second quarter valued at about $733,000.

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.