PACS Group, Inc. (NYSE:PACS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of PACS Group, Inc. (NYSE:PACS) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $34.00.

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

Hedge Funds Weigh In On PACS Group

Several large investors have recently modified their holdings of PACS. Amalgamated Bank boosted its stake in PACS Group by 56.7% in the 3rd quarter. Amalgamated Bank now owns 1,349 shares of the company’s stock valued at $54,000 after purchasing an additional 488 shares during the period. Whittier Trust Co. lifted its holdings in shares of PACS Group by 152.2% during the third quarter. Whittier Trust Co. now owns 1,382 shares of the company’s stock worth $55,000 after buying an additional 834 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of PACS Group during the third quarter worth $66,000. Savant Capital LLC bought a new stake in shares of PACS Group in the fourth quarter valued at about $142,000. Finally, Bleakley Financial Group LLC acquired a new position in shares of PACS Group in the fourth quarter valued at about $179,000.

PACS Group Stock Performance

PACS Group stock opened at $14.33 on Wednesday. The company has a fifty day simple moving average of $14.09 and a 200 day simple moving average of $27.80. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. PACS Group has a 1-year low of $12.54 and a 1-year high of $43.92.

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.