Brokerages Set PACS Group, Inc. (NYSE:PACS) PT at $34.00

Shares of PACS Group, Inc. (NYSE:PACS) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $34.00.

Several brokerages have commented on PACS. 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 report on Monday, January 6th. UBS Group initiated coverage on PACS Group in a research report on Wednesday, October 9th. They set a “buy” rating and a $50.00 price target on the stock. Stephens decreased their price objective on PACS Group from $48.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Truist Financial dropped their target price on shares of PACS Group from $46.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $18.00 price target on shares of PACS Group in a research report on Tuesday, December 17th.

PACS Group Stock Down 0.0 %

NYSE:PACS opened at $13.83 on Friday. PACS Group has a 12 month low of $12.54 and a 12 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 price of $15.02 and a 200-day moving average price of $29.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank purchased a new position in PACS Group in the 2nd quarter worth about $25,000. Whittier Trust Co. raised its holdings in shares of PACS Group by 152.2% during the third quarter. Whittier Trust Co. now owns 1,382 shares of the company’s stock valued at $55,000 after purchasing an additional 834 shares during the last quarter. Crewe Advisors LLC bought a new position in PACS Group during the third quarter valued at approximately $66,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in PACS Group in the 3rd quarter worth approximately $251,000. Finally, SG Americas Securities LLC raised its stake in PACS Group by 40.3% during the 4th quarter. SG Americas Securities LLC now owns 19,249 shares of the company’s stock valued at $252,000 after buying an additional 5,528 shares during the last quarter.

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.