PACS Group, Inc. (NYSE:PACS) Receives $34.00 Consensus PT from Analysts

PACS Group, Inc. (NYSE:PACS) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, 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 twelve-month target price among brokers that have updated their coverage on the stock in the last year is $34.00.

Several brokerages have issued reports on PACS. Truist Financial cut their price target on PACS Group from $46.00 to $32.00 and set a “buy” rating for the company in a report on Monday, January 6th. Macquarie lowered their price target on shares of PACS Group from $42.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $18.00 price objective on shares of PACS Group in a report on Tuesday, December 17th.

PACS Group Stock Performance

NYSE:PACS opened at $10.23 on Thursday. PACS Group has a 12-month low of $9.87 and a 12-month high of $43.92. The stock’s 50 day moving average price is $12.93 and its two-hundred day moving average price is $20.83. 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 Trading of PACS Group

A number of institutional investors have recently modified their holdings of PACS. State of Wyoming acquired a new position in PACS Group in the fourth quarter valued at about $47,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of PACS Group in the 3rd quarter valued at approximately $251,000. KLP Kapitalforvaltning AS acquired a new position in shares of PACS Group in the 4th quarter valued at approximately $126,000. Intech Investment Management LLC bought a new stake in shares of PACS Group during the 3rd quarter worth approximately $405,000. Finally, Savant Capital LLC acquired a new stake in shares of PACS Group during the 4th quarter worth approximately $142,000.

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.