Analysts Set PACS Group, Inc. (NYSE:PACS) Target Price at $34.00

PACS Group, Inc. (NYSE:PACS) has received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $34.00.

A number of research firms have recently commented on PACS. Macquarie reduced their price target on shares of PACS Group from $42.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Stephens reduced their price target on shares of PACS Group from $48.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.00 target price on shares of PACS Group in a research report on Tuesday, December 17th. Finally, Truist Financial cut their target price on shares of PACS Group from $46.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, January 6th.

PACS Group Price Performance

PACS opened at $13.05 on Friday. The company has a fifty day moving average price of $13.58 and a 200-day moving average price of $24.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. PACS Group has a one year low of $12.38 and a one year high of $43.92.

Institutional Trading of PACS Group

Several hedge funds have recently added to or reduced their stakes in PACS. State of Wyoming bought a new stake in PACS Group in the fourth quarter worth $47,000. Amalgamated Bank lifted its stake in PACS Group by 56.7% in the third quarter. Amalgamated Bank now owns 1,349 shares of the company’s stock worth $54,000 after purchasing an additional 488 shares during the last quarter. Crewe Advisors LLC bought a new stake in PACS Group in the third quarter worth $66,000. KLP Kapitalforvaltning AS bought a new stake in PACS Group in the fourth quarter worth $126,000. Finally, Savant Capital LLC bought a new stake in PACS Group in the fourth quarter worth $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.