PACS Group, Inc. (NYSE:PACS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of PACS Group, Inc. (NYSE:PACS) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $34.00.

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

PACS Group Stock Up 0.0 %

NYSE PACS opened at $14.33 on Wednesday. The company’s fifty day moving average is $14.09 and its two-hundred day moving average is $27.80. PACS Group has a 52-week low of $12.54 and a 52-week high of $43.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PACS. Amalgamated Bank boosted its stake in PACS Group by 56.7% in the 3rd quarter. Amalgamated Bank now owns 1,349 shares of the company’s stock worth $54,000 after purchasing an additional 488 shares during the period. Whittier Trust Co. boosted its position 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 worth $55,000 after buying an additional 834 shares during the period. Crewe Advisors LLC acquired a new position in shares of PACS Group during the third quarter worth about $66,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of PACS Group during the third quarter worth about $251,000. Finally, US Bancorp DE raised its position in PACS Group by 56.2% in the 3rd quarter. US Bancorp DE now owns 6,681 shares of the company’s stock valued at $267,000 after buying 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.