PACS Group (NYSE:PACS) Research Coverage Started at Truist Financial

Truist Financial initiated coverage on shares of PACS Group (NYSE:PACS) in a report published on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $32.00 target price on the stock.

Separately, Royal Bank of Canada started coverage on PACS Group in a research report on Monday. They set an outperform rating and a $30.00 price target for the company. Six equities research 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 an average target price of $30.50.

PACS Group Stock Down 1.3 %

Shares of PACS stock opened at $24.67 on Monday. PACS Group has a 52-week low of $22.61 and a 52-week high of $25.72.

Insiders Place Their Bets

In other news, CEO Jason Hulse Murray sold 1,607,142 shares of the stock in a transaction dated Monday, April 15th. The stock was 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 in the company, valued at approximately $1,317,845,571. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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.