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

Shares of PACS Group, Inc. (NYSE:PACS) have been assigned an average rating of “Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is $39.88.

Several equities analysts recently commented on the stock. Stephens reduced their target price on shares of PACS Group from $48.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $40.00 price objective on shares of PACS Group in a research note on Wednesday, November 6th. UBS Group started coverage on PACS Group in a research note on Wednesday, October 9th. They issued a “buy” rating and a $50.00 target price for the company. Oppenheimer raised their price target on PACS Group from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Finally, Truist Financial lifted their price target on PACS Group from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th.

Hedge Funds Weigh In On PACS Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caas Capital Management LP bought a new stake in PACS Group in the second quarter valued at $1,386,000. Bank of New York Mellon Corp bought a new stake in shares of PACS Group during the 2nd quarter valued at about $2,445,000. Allspring Global Investments Holdings LLC purchased a new position in shares of PACS Group during the second quarter valued at about $7,513,000. Rhumbline Advisers bought a new position in PACS Group in the second quarter worth about $870,000. Finally, Oppenheimer Asset Management Inc. bought a new position in PACS Group in the second quarter worth about $552,000.

PACS Group Stock Down 0.4 %

Shares of NYSE PACS opened at $16.55 on Friday. PACS Group has a one year low of $16.09 and a one year high of $43.92. The firm’s 50 day simple moving average is $32.49 and its two-hundred day simple moving average is $33.07. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82.

PACS Group Company Profile

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.