PACS Group (NYSE:PACS) Coverage Initiated by Analysts at UBS Group

Stock analysts at UBS Group assumed coverage on shares of PACS Group (NYSE:PACS) in a report issued on Wednesday, Briefing.com reports. The firm set a “buy” rating and a $50.00 price target on the stock. UBS Group’s price objective points to a potential upside of 30.48% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Macquarie started coverage on shares of PACS Group in a research report on Friday, June 28th. They issued an “outperform” rating and a $35.00 price target for the company. Oppenheimer increased their target price on PACS Group from $32.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Truist Financial lifted their price target on PACS Group from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Stephens raised their target price on PACS Group from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Finally, Citigroup assumed coverage on PACS Group in a research note on Wednesday, September 11th. They set a “buy” rating and a $45.00 target price for the company. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $39.13.

PACS Group Price Performance

Shares of PACS Group stock opened at $38.32 on Wednesday. PACS Group has a 12 month low of $22.61 and a 12 month high of $42.25. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. The firm’s 50 day moving average price is $38.47.

PACS Group (NYSE:PACS) last released its earnings results 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 during the quarter, compared to the consensus estimate of $919.22 million. PACS Group’s quarterly revenue was up 29.1% compared to the same quarter last year. On average, research analysts predict that PACS Group will post 1.03 EPS for the current fiscal year.

Institutional Trading of PACS Group

Large investors have recently made changes to their positions in the company. Amalgamated Bank purchased a new stake in PACS Group in the 2nd quarter valued at $25,000. Sandia Investment Management LP purchased a new stake in shares of PACS Group in 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 worth about $302,000. SG Americas Securities LLC acquired a new stake in shares of PACS Group during the third quarter worth about $548,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of PACS Group during the second quarter worth about $552,000.

About PACS Group

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.