Shares of PACS Group, Inc. (NYSE:PACS - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight brokerages that are currently covering the stock, Marketbeat 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 12 month target price among brokerages that have covered the stock in the last year is $34.00.
PACS has been the subject of a number of analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $18.00 price target on shares of PACS Group in a research report on Tuesday, December 17th. Stephens dropped their price target on shares of PACS Group from $48.00 to $31.00 and set an "overweight" rating for the company in a research report on Monday, November 18th. Macquarie dropped their price target on shares of PACS Group from $42.00 to $24.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. Finally, Truist Financial dropped their price target on shares of PACS Group from $46.00 to $32.00 and set a "buy" rating for the company in a research report on Monday, January 6th.
Read Our Latest Stock Report on PACS
Institutional Trading of PACS Group
A number of institutional investors have recently bought and sold shares of PACS. Marshall Wace LLP bought a new stake in PACS Group during the second quarter valued at $733,000. Millennium Management LLC bought a new stake in PACS Group during the second quarter valued at $8,905,000. The Manufacturers Life Insurance Company bought a new stake in PACS Group during the second quarter valued at $302,000. SG Americas Securities LLC bought a new stake in PACS Group during the third quarter valued at $548,000. Finally, Oliver Luxxe Assets LLC bought a new stake in PACS Group during the third quarter valued at $1,871,000.
PACS Group Stock Performance
PACS stock traded down $0.09 during mid-day trading on Wednesday, hitting $14.09. 389,949 shares of the company were exchanged, compared to its average volume of 481,569. The business has a 50 day simple moving average of $13.97 and a 200-day simple moving average of $27.48. The company has a current ratio of 1.71, a quick 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
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Get Free ReportPACS 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.
Further Reading
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