PACS Group, Inc. (NYSE:PACS) Given Average Recommendation of “Buy” by Analysts

PACS Group, Inc. (NYSE:PACS) has received an average rating of “Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $39.88.

A number of equities analysts have issued reports on PACS shares. Truist Financial raised their target price on shares of PACS Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. UBS Group started coverage on shares of PACS Group in a report on Wednesday, October 9th. They issued a “buy” rating and a $50.00 target price on the stock. Citigroup started coverage on shares of PACS Group in a report on Wednesday, September 11th. They issued a “buy” rating and a $45.00 target price on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $40.00 target price on shares of PACS Group in a report on Wednesday, November 6th. Finally, Oppenheimer raised their target price on shares of PACS Group from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th.

Institutional Investors Weigh In On PACS Group

A number of hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP raised its holdings in shares of PACS Group by 60.5% during the third quarter. Wellington Management Group LLP now owns 5,376,551 shares of the company’s stock valued at $214,901,000 after buying an additional 2,025,835 shares during the last quarter. Zimmer Partners LP increased its stake in shares of PACS Group by 191.2% during the third quarter. Zimmer Partners LP now owns 2,329,529 shares of the company’s stock valued at $93,111,000 after acquiring an additional 1,529,529 shares during the period. FMR LLC increased its stake in shares of PACS Group by 174.4% during the third quarter. FMR LLC now owns 1,641,651 shares of the company’s stock valued at $65,617,000 after acquiring an additional 1,043,399 shares during the period. Geode Capital Management LLC increased its stake in shares of PACS Group by 65.2% during the third quarter. Geode Capital Management LLC now owns 834,440 shares of the company’s stock valued at $33,359,000 after acquiring an additional 329,288 shares during the period. Finally, State Street Corp increased its stake in shares of PACS Group by 119.5% during the third quarter. State Street Corp now owns 754,221 shares of the company’s stock valued at $30,146,000 after acquiring an additional 410,606 shares during the period.

PACS Group Stock Performance

Shares of PACS stock opened at $16.61 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. PACS Group has a one year low of $16.09 and a one year high of $43.92. The company’s 50-day simple moving average is $33.47 and its 200-day simple moving average is $33.31.

About PACS Group

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.