PACS Group, Inc. (NYSE:PACS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of PACS Group, Inc. (NYSE:PACS) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $34.00.

PACS has been the topic of several research reports. Macquarie cut their price objective on PACS Group from $42.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.00 target price on shares of PACS Group in a research report on Tuesday, December 17th. Truist Financial dropped their target price on PACS Group from $46.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Stephens dropped their target price on PACS Group from $48.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th.

PACS Group Price Performance

NYSE:PACS opened at $12.95 on Friday. The business’s 50-day moving average is $13.58 and its two-hundred day moving average is $24.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.71 and a quick ratio of 1.71. PACS Group has a 12 month low of $12.38 and a 12 month high of $43.92.

Hedge Funds Weigh In On PACS Group

A number of hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp acquired a new position in PACS Group in the fourth quarter worth about $413,000. Paradigm Capital Management Inc. NY acquired a new position in PACS Group in the fourth quarter worth about $4,195,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in PACS Group by 59.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,019 shares of the company’s stock worth $695,000 after purchasing an additional 19,831 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in PACS Group in the fourth quarter worth about $7,335,000. Finally, Squarepoint Ops LLC grew its stake in PACS Group by 2.7% in the fourth quarter. Squarepoint Ops LLC now owns 129,392 shares of the company’s stock worth $1,696,000 after purchasing an additional 3,397 shares in the last quarter.

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.