PACS Group, Inc. (NYSE:PACS) Receives $39.88 Average PT from Analysts

PACS Group, Inc. (NYSE:PACS - Get Free Report) has earned an average rating of "Moderate Buy" from the eight analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $37.13.

A number of research firms recently commented on PACS. Truist Financial upped their price target on shares of PACS Group from $44.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. Citigroup initiated coverage on shares of PACS Group in a research note on Wednesday, September 11th. They set a "buy" rating and a $45.00 price objective for the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $18.00 target price on shares of PACS Group in a research note on Tuesday. Stephens reduced their price target on PACS Group from $48.00 to $31.00 and set an "overweight" rating on the stock in a report on Monday, November 18th. Finally, UBS Group began coverage on PACS Group in a report on Wednesday, October 9th. They issued a "buy" rating and a $50.00 price objective for the company.

Institutional Investors Weigh In On PACS Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PACS. Lisanti Capital Growth LLC bought a new position in PACS Group during the 3rd quarter valued at approximately $4,259,000. Concentric Capital Strategies LP bought a new position in shares of PACS Group during the third quarter valued at $3,970,000. Maven Securities LTD purchased a new position in shares of PACS Group in the 3rd quarter worth about $3,997,000. Wellington Management Group LLP boosted its stake in PACS Group by 60.5% in the 3rd quarter. Wellington Management Group LLP now owns 5,376,551 shares of the company's stock worth $214,901,000 after purchasing an additional 2,025,835 shares in the last quarter. Finally, Soros Fund Management LLC boosted its stake in PACS Group by 233.3% in the 3rd quarter. Soros Fund Management LLC now owns 500,000 shares of the company's stock worth $19,985,000 after purchasing an additional 350,000 shares in the last quarter.

PACS Group Stock Down 8.1 %

Shares of PACS stock traded down $1.23 on Tuesday, hitting $13.95. 1,045,896 shares of the company's stock traded hands, compared to its average volume of 900,305. The company's fifty day simple moving average is $26.68 and its 200 day simple moving average is $32.02. PACS Group has a one year low of $13.80 and a one year high of $43.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.71 and a quick ratio of 1.71.

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.