PACS Group (NYSE:PACS) Coverage Initiated at Truist Financial

Research analysts at Truist Financial assumed coverage on shares of PACS Group (NYSE:PACS) in a research note issued on Monday, MarketBeat Ratings reports. The firm set a “buy” rating and a $32.00 price target on the stock. Truist Financial’s price objective indicates a potential upside of 28.98% from the stock’s previous close.

Separately, Royal Bank of Canada started coverage on shares of PACS Group in a research report on Monday. They set an “outperform” rating and a $30.00 price objective for the company. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $30.50.

PACS Group Trading Down 0.7 %

PACS stock opened at $24.81 on Monday. PACS Group has a 12-month low of $22.61 and a 12-month high of $25.72.

Insider Activity

In other PACS Group news, CEO Jason Hulse Murray sold 1,607,142 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $21.00, for a total transaction of $33,749,982.00. Following the transaction, the chief executive officer now directly owns 62,754,551 shares in the company, valued at $1,317,845,571. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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.