PACS Group (NYSE:PACS) Price Target Increased to $41.00 by Analysts at Citigroup

PACS Group (NYSE:PACS) had its price target lifted by Citigroup from $34.00 to $41.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also issued reports on PACS. Macquarie assumed coverage on shares of PACS Group in a research report on Friday, June 28th. They set an outperform rating and a $35.00 target price for the company. Oppenheimer lifted their price target on shares of PACS Group from $32.00 to $40.00 and gave the company an outperform rating in a report on Tuesday. Stephens reaffirmed an overweight rating and set a $31.00 price target on shares of PACS Group in a report on Tuesday, May 14th. Truist Financial lifted their price target on shares of PACS Group from $32.00 to $36.00 and gave the company a buy rating in a report on Monday, July 15th. Finally, Royal Bank of Canada lifted their price target on shares of PACS Group from $30.00 to $32.00 and gave the company an outperform rating in a report on Wednesday, May 15th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, PACS Group has an average rating of Buy and an average target price of $35.86.

PACS Group Stock Performance

Shares of NYSE PACS opened at $38.43 on Tuesday. The firm’s 50 day simple moving average is $31.59. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.56 and a quick ratio of 1.56. PACS Group has a 12-month low of $22.61 and a 12-month high of $38.82.

PACS Group (NYSE:PACS) last announced its earnings results on Monday, August 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.42). The company had revenue of $981.80 million for the quarter, compared to the consensus estimate of $919.22 million. PACS Group’s revenue for the quarter was up 29.1% compared to the same quarter last year. Analysts anticipate that PACS Group will post 1.51 earnings per share for the current year.

Hedge Funds Weigh In On PACS Group

Hedge funds have recently modified their holdings of the stock. Amalgamated Bank purchased a new position in shares of PACS Group in the second quarter worth $25,000. Oppenheimer Asset Management Inc. purchased a new position in shares of PACS Group in the second quarter worth $552,000. Rhumbline Advisers purchased a new position in shares of PACS Group in the second quarter worth $870,000. Renaissance Technologies LLC purchased a new position in shares of PACS Group in the second quarter worth $1,195,000. Finally, Caas Capital Management LP purchased a new position in shares of PACS Group in the second quarter worth $1,386,000.

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.