PACS Group, Inc. (NYSE:PACS) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of PACS Group, Inc. (NYSE:PACS - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $34.00.

PACS has been the topic 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. Truist Financial reduced their target price on shares of PACS Group from $46.00 to $32.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Macquarie lowered their target price on shares of PACS Group from $42.00 to $24.00 and set an "outperform" rating on the stock in a report on Monday, January 6th.

PACS Group Trading Down 1.3 %

NYSE PACS traded down $0.14 during trading on Thursday, reaching $10.91. 331,517 shares of the company traded hands, compared to its average volume of 822,402. PACS Group has a 1-year low of $10.66 and a 1-year high of $43.92. 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 50 day moving average price is $13.13 and its two-hundred day moving average price is $21.32.

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Institutional Investors Weigh In On PACS Group

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming bought a new position in shares of PACS Group in the fourth quarter worth about $47,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of PACS Group in the third quarter valued at approximately $251,000. KLP Kapitalforvaltning AS bought a new position in PACS Group in the 4th quarter worth approximately $126,000. Intech Investment Management LLC acquired a new position in PACS Group during the 3rd quarter worth $405,000. Finally, Savant Capital LLC acquired a new position in PACS Group during the 4th quarter worth $142,000.

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.