PACS Group (PACS) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $16.80 to $17.70
• 50-Day Range: $16.93 to $42.94
• 52-Week Range: $16.58 to $43.92
• Volume: 1.21 million shs
• Average Volume: 2.74 million shs
• Market Capitalization: $2.63 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $39.88
• Consensus Rating: Buy

PACS Group Stock Analysis - MarketRank™

PACS Group scored higher than 81% of companies evaluated by MarketBeat, and ranked 208th out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Buy

Consensus Rating

PACS Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

PACS Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 84.16%

Earnings Growth

Earnings for PACS Group are expected to grow by 84.16% in the coming year, from $1.01 to $1.86 per share.

Price to Earnings Growth Ratio

PACS Group has a PEG Ratio of 1.12. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.45% of the float of PACS Group has been sold short.

Short Interest Ratio / Days to Cover

PACS Group has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in PACS Group has recently increased by 10.69%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

PACS Group does not currently pay a dividend.

Dividend Growth

PACS Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.45% of the float of PACS Group has been sold short.

Short Interest Ratio / Days to Cover

PACS Group has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in PACS Group has recently increased by 10.69%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.04

News Sentiment

PACS Group has a news sentiment score of 0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 79 news articles for PACS Group this week, compared to 16 articles on an average week.

Search Interest

12 people have searched for PACS on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

MarketBeat Follows

6 people have added PACS Group to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, PACS Group insiders have not sold or bought any company stock.

PACS Stock Analysis - Frequently Asked Questions

How have PACS shares performed this year?

PACS Group's stock was trading at $24.00 on January 1st, 2024. Since then, PACS shares have decreased by 28.1% and is now trading at $17.25.
View the best growth stocks for 2024 here.

How were PACS Group's earnings last quarter?

PACS Group, Inc. (NYSE:PACS) issued its quarterly earnings results on Monday, August, 12th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.35 by $0.42. The firm's quarterly revenue was up 29.1% compared to the same quarter last year.

When did PACS Group IPO?

PACS Group (PACS) raised $450 million in an initial public offering on Thursday, April 11th 2024. The company issued 21,428,572 shares at $21.00 per share.

When did the company's lock-up period expire?

PACS Group's lock-up period expired on Tuesday, October 8th. PACS Group had issued 21,428,572 shares in its initial public offering on April 11th. The total size of the offering was $450,000,012 based on an initial share price of $21.00. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the expiration of the lock-up period.

Who are PACS Group's major shareholders?

PACS Group's top institutional investors include Wellington Management Group LLP (3.53%), Zimmer Partners LP (1.53%), Wasatch Advisors LP (1.28%) and FMR LLC (1.08%). Insiders that own company stock include Jason Hulse Murray and Jacqueline Millard.
View institutional ownership trends.

How do I buy shares of PACS Group?

Shares of PACS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of PACS Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PACS Group investors own include NVIDIA (NVDA), Tesla (TSLA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Visa (V).

Company Calendar

• Last Earnings: 8/12/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Medical
• Industry: Skilled nursing care facilities
• Sub-Industry: Healthcare
• Current Symbol: NYSE:PACS
• Previous Symbol: NYSE:PACS
• CUSIP: N/A
• CIK: 2001184
• Web: pacs.com
• Phone: 801-447-9829
• Fax: N/A
• Employees: 32,433
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $39.88
• High Stock Price Target: $50.00
• Low Stock Price Target: $31.00
• Potential Upside/Downside: +131.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 17.08
• P/E Growth: 1.14
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: 0.82
• Current Ratio: 1.71
• Quick Ratio: 1.71

Sales & Book Value

• Annual Sales: $3.11 billion
• Price / Sales: 0.84
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 152,400,000
• Free Float: N/A
• Market Cap: $2.63 billion
• Optionable: Optionable
• Beta: N/A