PACS Group (NYSE:PACS) Research Coverage Started at Stephens

Stephens initiated coverage on shares of PACS Group (NYSE:PACS) in a report issued on Monday, Marketbeat.com reports. The firm issued an overweight rating and a $31.00 price objective on the stock.

PACS has been the subject of several other reports. Royal Bank of Canada assumed coverage on shares of PACS Group in a report on Monday. They issued an outperform rating and a $30.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of PACS Group in a research note on Monday. They set an overweight rating and a $27.00 target price for the company. Citigroup began coverage on PACS Group in a report on Monday. They set a buy rating and a $32.00 price target for the company. Oppenheimer assumed coverage on shares of PACS Group in a report on Monday. They issued an outperform rating and a $31.00 target price for the company. Finally, Truist Financial started coverage on shares of PACS Group in a research report on Monday. They set a buy rating and a $32.00 price target for the company. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus target price of $30.50.

PACS Group Trading Up 0.7 %

NYSE:PACS opened at $24.85 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 firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 62,754,551 shares in the company, valued at approximately $1,317,845,571. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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.