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

Shares of PACS Group, Inc. (NYSE:PACS) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $37.13.

PACS has been the subject of a number of research reports. UBS Group began coverage on shares of PACS Group in a report on Wednesday, October 9th. They set a “buy” rating and a $50.00 target price for the company. Stephens lowered their target price on PACS Group from $48.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $18.00 price target on shares of PACS Group in a research report on Tuesday, December 17th. Truist Financial lifted their price objective on PACS Group from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Finally, Citigroup assumed coverage on shares of PACS Group in a report on Wednesday, September 11th. They issued a “buy” rating and a $45.00 target price for the company.

Hedge Funds Weigh In On PACS Group

Several institutional investors have recently bought and sold shares of the stock. Amalgamated Bank purchased a new position in shares of PACS Group during the second quarter valued at about $25,000. Whittier Trust Co. grew its holdings 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 buying an additional 834 shares in the last quarter. Crewe Advisors LLC purchased a new position in PACS Group during the 3rd quarter valued at approximately $66,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of PACS Group during the 3rd quarter worth approximately $251,000. Finally, US Bancorp DE boosted its position in shares of 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 acquiring an additional 2,404 shares during the last quarter.

PACS Group Trading Up 0.5 %

NYSE PACS opened at $13.08 on Tuesday. The company has a 50-day moving average price of $24.10 and a 200-day moving average price of $31.42. PACS Group has a 52 week low of $12.71 and a 52 week high of $43.92. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82.

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.