PACS Group, Inc. (NYSE:PACS) Receives $44.50 Consensus Price Target from Analysts

Shares of PACS Group, Inc. (NYSE:PACS) have received an average rating of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $44.40.

A number of equities research analysts have recently weighed in on PACS shares. Wall Street Zen raised PACS Group from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Truist Financial set a $40.00 price target on shares of PACS Group in a research note on Friday, December 12th. Zacks Research raised shares of PACS Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of PACS Group in a research note on Monday, December 22nd. Finally, Royal Bank Of Canada boosted their price objective on shares of PACS Group from $47.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 27th.

Institutional Investors Weigh In On PACS Group

A number of large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new position in PACS Group during the 1st quarter worth $198,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of PACS Group by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the company’s stock valued at $262,000 after acquiring an additional 1,443 shares during the period. Millennium Management LLC lifted its position in shares of PACS Group by 68.3% during the 1st quarter. Millennium Management LLC now owns 859,295 shares of the company’s stock valued at $9,658,000 after acquiring an additional 348,743 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of PACS Group during the 1st quarter worth $64,000. Finally, Caxton Associates LLP acquired a new stake in shares of PACS Group during the 1st quarter worth $163,000.

PACS Group Stock Performance

PACS opened at $34.30 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.07 and a quick ratio of 0.94. The business has a fifty day simple moving average of $38.05 and a 200 day simple moving average of $25.12. PACS Group has a 1 year low of $7.50 and a 1 year high of $43.08. The company has a market capitalization of $5.39 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.14 and a beta of -0.64.

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.