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

PACS Group, Inc. (NYSE:PACS) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $34.00.

Several equities analysts have recently commented on PACS shares. Truist Financial lowered their price objective on shares of PACS Group from $46.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Stephens lowered 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 note on Monday, November 18th. Macquarie lowered their price objective on shares of 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, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $18.00 price target on shares of PACS Group in a research note on Tuesday, December 17th.

PACS Group Stock Down 1.6 %

Shares of NYSE:PACS opened at $13.05 on Friday. The company has a 50-day moving average price of $13.58 and a 200-day moving average price of $24.61. 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 12 month low of $12.38 and a 12 month high of $43.92.

Institutional Investors Weigh In On PACS Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming purchased a new stake in PACS Group in the fourth quarter worth about $47,000. Amalgamated Bank grew its holdings in PACS Group by 56.7% in the third quarter. Amalgamated Bank now owns 1,349 shares of the company’s stock worth $54,000 after purchasing an additional 488 shares during the period. Crewe Advisors LLC purchased a new stake in PACS Group in the third quarter worth about $66,000. KLP Kapitalforvaltning AS purchased a new stake in PACS Group in the fourth quarter worth about $126,000. Finally, Savant Capital LLC purchased a new stake in PACS Group in the fourth quarter worth about $142,000.

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.