PACS Group (NYSE:PACS) Research Coverage Started at Stephens

Stephens started coverage on shares of PACS Group (NYSE:PACS) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm issued an overweight rating and a $31.00 price objective on the stock.

A number of other equities analysts also recently weighed in on PACS. Royal Bank of Canada began coverage on PACS Group in a research report on Monday. They set an outperform rating and a $30.00 price target on the stock. Citigroup began coverage on PACS Group in a research note on Monday. They issued a buy rating and a $32.00 price target on the stock. JPMorgan Chase & Co. began coverage on PACS Group in a report on Monday. They set an overweight rating and a $27.00 price target for the company. Oppenheimer started coverage on shares of PACS Group in a research report on Monday. They issued an outperform rating and a $31.00 price objective on the stock. Finally, Truist Financial initiated coverage on shares of PACS Group in a research note on Monday. They set a buy rating and a $32.00 target price for the company. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus target price of $30.50.

PACS Group Price Performance

Shares of PACS opened at $24.67 on Monday. PACS Group has a one year low of $22.61 and a one year high of $25.72.

Insider Activity

In related news, CEO Jason Hulse Murray sold 1,607,142 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $21.00, for a total transaction of $33,749,982.00. Following the transaction, the chief executive officer now directly owns 62,754,551 shares of the company’s stock, valued at $1,317,845,571. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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.