Brokerages Set PACS Group, Inc. (NYSE:PACS) Price Target at $39.88

PACS Group, Inc. (NYSE:PACS) has earned an average recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $39.88.

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

Institutional Trading of PACS Group

Several large investors have recently modified their holdings of the business. Wellington Management Group LLP grew its stake in shares of PACS Group by 60.5% during the third quarter. Wellington Management Group LLP now owns 5,376,551 shares of the company’s stock valued at $214,901,000 after acquiring an additional 2,025,835 shares in the last quarter. Zimmer Partners LP lifted its position in shares of PACS Group by 191.2% during the third quarter. Zimmer Partners LP now owns 2,329,529 shares of the company’s stock worth $93,111,000 after purchasing an additional 1,529,529 shares during the last quarter. FMR LLC lifted its position in shares of PACS Group by 174.4% during the third quarter. FMR LLC now owns 1,641,651 shares of the company’s stock worth $65,617,000 after purchasing an additional 1,043,399 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of PACS Group by 65.2% during the third quarter. Geode Capital Management LLC now owns 834,440 shares of the company’s stock worth $33,359,000 after purchasing an additional 329,288 shares during the last quarter. Finally, State Street Corp lifted its position in shares of PACS Group by 119.5% during the third quarter. State Street Corp now owns 754,221 shares of the company’s stock worth $30,146,000 after purchasing an additional 410,606 shares during the last quarter.

PACS Group Stock Up 2.4 %

Shares of PACS opened at $16.61 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $33.47 and its 200 day simple moving average is $33.31. PACS Group has a twelve month low of $16.09 and a twelve month high of $43.92.

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.