PACS Group (NYSE:PACS) Price Target Lowered to $31.00 at Stephens

PACS Group (NYSE:PACS) had its price objective lowered by Stephens from $48.00 to $31.00 in a research report report published on Monday morning,Benzinga reports. Stephens currently has an overweight rating on the stock.

PACS has been the topic of a number of other research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $40.00 price target on shares of PACS Group in a report on Wednesday, November 6th. Citigroup started coverage on shares of PACS Group in a report on Wednesday, September 11th. They issued a “buy” rating and a $45.00 target price on the stock. Truist Financial boosted their target price on shares of PACS Group from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. UBS Group initiated coverage on PACS Group in a research note on Wednesday, October 9th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Oppenheimer upped their price objective on PACS Group from $32.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $39.88.

PACS Group Stock Down 2.8 %

Shares of NYSE:PACS opened at $16.77 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. PACS Group has a 1 year low of $16.53 and a 1 year high of $43.92. The stock’s fifty day moving average price is $35.40 and its 200-day moving average price is $33.48.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Amalgamated Bank bought a new position in shares of PACS Group during the 2nd quarter valued at approximately $25,000. Whittier Trust Co. lifted its holdings in PACS Group by 152.2% during the third quarter. Whittier Trust Co. now owns 1,382 shares of the company’s stock valued at $55,000 after purchasing an additional 834 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of PACS Group in the third quarter worth approximately $66,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of PACS Group in the third quarter worth $251,000. Finally, US Bancorp DE increased its stake in shares of PACS Group by 56.2% in the third quarter. US Bancorp DE now owns 6,681 shares of the company’s stock worth $267,000 after purchasing an additional 2,404 shares in 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.