PACS Group, Inc. (NYSE:PACS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of PACS Group, Inc. (NYSE:PACS) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $34.00.

A number of equities analysts have recently commented on PACS shares. Truist Financial cut their price target on PACS Group from $46.00 to $32.00 and set a “buy” rating for the company in a report on Monday, January 6th. Stephens reduced their target price on PACS Group from $48.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Macquarie lowered their price target on shares of PACS Group from $42.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.00 price objective on shares of PACS Group in a research note on Tuesday, December 17th. Finally, UBS Group assumed coverage on shares of PACS Group in a research note on Wednesday, October 9th. They issued a “buy” rating and a $50.00 target price on the stock.

PACS Group Trading Down 0.0 %

PACS opened at $13.83 on Friday. 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 has a 50-day moving average price of $15.02 and a 200-day moving average price of $29.25. PACS Group has a twelve month low of $12.54 and a twelve month high of $43.92.

Institutional Trading of PACS Group

Several institutional investors have recently added to or reduced their stakes in PACS. Amalgamated Bank bought a new stake in PACS Group during the 2nd quarter valued at $25,000. Whittier Trust Co. raised its stake in shares of PACS Group by 152.2% during the third quarter. Whittier Trust Co. now owns 1,382 shares of the company’s stock valued at $55,000 after acquiring an additional 834 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of PACS Group during the third quarter worth about $66,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of PACS Group in the third quarter worth about $251,000. Finally, SG Americas Securities LLC increased its holdings in PACS Group by 40.3% during the 4th quarter. SG Americas Securities LLC now owns 19,249 shares of the company’s stock valued at $252,000 after purchasing an additional 5,528 shares during the period.

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.