PACS Group, Inc. (NYSE:PACS - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $11.09 and last traded at $11.34, with a volume of 325450 shares traded. The stock had previously closed at $11.36.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on PACS shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $18.00 price objective on shares of PACS Group in a research report on Tuesday, December 17th. Macquarie reduced their price target on PACS Group from $42.00 to $24.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Finally, Truist Financial lowered their price objective on PACS Group from $46.00 to $32.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.00.
Check Out Our Latest Research Report on PACS Group
PACS Group Stock Up 3.3 %
The company has a fifty day simple moving average of $13.07 and a two-hundred day simple moving average of $21.12. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming acquired a new stake in shares of PACS Group in the 4th quarter valued at $47,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in PACS Group in the third quarter valued at about $251,000. KLP Kapitalforvaltning AS acquired a new stake in PACS Group in the fourth quarter valued at about $126,000. Intech Investment Management LLC bought a new position in PACS Group in the third quarter valued at about $405,000. Finally, Savant Capital LLC acquired a new position in PACS Group during the fourth quarter worth about $142,000.
About PACS Group
(
Get Free Report)
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.
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