Analysts Set PACS Group, Inc. (NYSE:PACS) PT at $39.88

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

Several research firms have issued reports on PACS. UBS Group began coverage on shares of PACS Group in a research report on Wednesday, October 9th. They issued a “buy” rating and a $50.00 price target on the stock. Oppenheimer lifted their price target on shares of PACS Group from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Truist Financial lifted their price target on shares of PACS Group from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Citigroup began coverage on shares of PACS Group in a research report on Wednesday, September 11th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $40.00 price target on shares of PACS Group in a research report on Wednesday, November 6th.

PACS Group Trading Down 0.3 %

NYSE PACS opened at $16.50 on Friday. 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 has a 12 month low of $16.11 and a 12 month high of $43.92. The company’s 50 day simple moving average is $34.45 and its 200 day simple moving average is $33.36.

Institutional Investors Weigh In On PACS Group

A number of institutional investors have recently modified their holdings of PACS. Amalgamated Bank acquired a new stake in shares of PACS Group during the 2nd quarter valued at $25,000. Whittier Trust Co. boosted its stake in shares of 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 during the period. Crewe Advisors LLC acquired a new stake in shares of PACS Group during the 3rd quarter valued at $66,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of PACS Group during the 3rd quarter valued at $251,000. Finally, US Bancorp DE boosted its stake 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 buying an additional 2,404 shares during the period.

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.