PACS Group, Inc. (NYSE:PACS - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $14.14 and last traded at $14.41, with a volume of 100451 shares traded. The stock had previously closed at $15.18.
Analyst Ratings Changes
Several equities analysts have commented on PACS shares. Truist Financial increased their price objective on shares of PACS Group from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Stephens lowered their price target on shares of PACS Group from $48.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, November 18th. UBS Group began coverage on PACS Group in a research note on Wednesday, October 9th. They set a "buy" rating and a $50.00 price objective on the stock. Citigroup assumed coverage on PACS Group in a research note on Wednesday, September 11th. They issued a "buy" rating and a $45.00 price objective for the company. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $18.00 target price on shares of PACS Group in a research report on Tuesday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.13.
View Our Latest Report on PACS
PACS Group Price Performance
The stock has a 50 day moving average of $26.68 and a 200-day moving average of $32.02. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82.
Institutional Trading of PACS Group
A number of large investors have recently made changes to their positions in PACS. Bank of New York Mellon Corp purchased a new position in PACS Group in the 2nd quarter worth about $2,445,000. Allspring Global Investments Holdings LLC bought a new position in PACS Group in the 2nd quarter worth about $7,513,000. Rhumbline Advisers purchased a new position in shares of PACS Group during the second quarter worth approximately $870,000. Oppenheimer Asset Management Inc. bought a new stake in shares of PACS Group during the second quarter valued at approximately $552,000. Finally, Renaissance Technologies LLC bought a new stake in shares of PACS Group during the second quarter valued at approximately $1,195,000.
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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