PACS Group (NYSE:PACS) Given “Neutral” Rating at JPMorgan Chase & Co.

PACS Group (NYSE:PACS)‘s stock had its “neutral” rating restated by JPMorgan Chase & Co. in a report issued on Tuesday, Marketbeat reports. They currently have a $18.00 price objective on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 37.61% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. UBS Group started coverage on PACS Group in a research report on Wednesday, October 9th. They issued a “buy” rating and a $50.00 target price for the company. Truist Financial raised their target price on PACS Group from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Citigroup initiated coverage on shares of PACS Group in a research report on Wednesday, September 11th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Stephens reduced their price objective on shares of PACS Group from $48.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, PACS Group has an average rating of “Moderate Buy” and a consensus target price of $37.13.

PACS Group Price Performance

Shares of NYSE:PACS opened at $13.08 on Tuesday. PACS Group has a twelve month low of $13.03 and a twelve month 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 company has a 50 day moving average of $25.67 and a 200-day moving average of $31.77.

Institutional Trading of PACS Group

A number of hedge funds have recently bought and sold shares of the company. Amalgamated Bank purchased a new position in shares of PACS Group in the second quarter worth approximately $25,000. Whittier Trust Co. boosted its stake in PACS Group by 152.2% in the 3rd quarter. Whittier Trust Co. now owns 1,382 shares of the company’s stock worth $55,000 after purchasing an additional 834 shares during the period. Crewe Advisors LLC acquired a new position in PACS Group in the 3rd quarter worth approximately $66,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in PACS Group during the 3rd quarter worth approximately $251,000. Finally, US Bancorp DE raised its stake in PACS Group by 56.2% during the 3rd quarter. US Bancorp DE now owns 6,681 shares of the company’s stock valued at $267,000 after purchasing an additional 2,404 shares during the period.

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.