PACS Group, Inc. (NYSE:PACS) Receives $34.00 Average Price Target from Brokerages

PACS Group, Inc. (NYSE:PACS) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $34.00.

A number of brokerages have commented on PACS. Truist Financial lowered their target price on PACS Group from $46.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Stephens decreased their price objective on PACS Group from $48.00 to $31.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.00 price objective on shares of PACS Group in a research report on Tuesday, December 17th. UBS Group began coverage on shares of PACS Group in a report on Wednesday, October 9th. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Macquarie decreased their price target on shares of PACS Group from $42.00 to $24.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th.

PACS Group Stock Up 4.2 %

PACS stock opened at $13.37 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. The company’s 50 day simple moving average is $15.69 and its 200-day simple moving average is $29.69. PACS Group has a 12 month low of $12.54 and a 12 month high of $43.92.

Hedge Funds Weigh In On PACS Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank purchased a new stake in shares of PACS Group during the 2nd quarter worth about $25,000. Whittier Trust Co. lifted its position in PACS Group by 152.2% during the third quarter. Whittier Trust Co. now owns 1,382 shares of the company’s stock valued at $55,000 after buying an additional 834 shares in the last quarter. Crewe Advisors LLC purchased a new stake in PACS Group during the third quarter worth approximately $66,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of PACS Group in the third quarter worth $251,000. Finally, US Bancorp DE raised its stake in shares of PACS Group by 56.2% in the 3rd quarter. US Bancorp DE now owns 6,681 shares of the company’s stock valued at $267,000 after acquiring an additional 2,404 shares during the period.

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.