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

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

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

PACS Group Stock Down 3.0 %

Shares of PACS stock opened at $12.81 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.71 and a quick ratio of 1.71. PACS Group has a 1-year low of $12.54 and a 1-year high of $43.92. The firm has a fifty day moving average of $16.04 and a two-hundred day moving average of $29.79.

Institutional Trading of PACS Group

Large investors have recently added to or reduced their stakes in the business. Amalgamated Bank acquired a new stake in shares of PACS Group in the second quarter worth $25,000. Whittier Trust Co. raised its stake in PACS Group by 152.2% during the 3rd quarter. Whittier Trust Co. now owns 1,382 shares of the company’s stock valued at $55,000 after purchasing an additional 834 shares during the last quarter. Crewe Advisors LLC acquired a new position in PACS Group during the 3rd quarter valued at $66,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in PACS Group during the 3rd quarter valued at $251,000. Finally, US Bancorp DE raised its stake in PACS Group by 56.2% during the 3rd quarter. US Bancorp DE now owns 6,681 shares of the company’s stock valued at $267,000 after purchasing an additional 2,404 shares during the last quarter.

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.