Brokerages Set PACS Group, Inc. (NYSE:PACS) Target Price at $30.50

PACS Group, Inc. (NYSE:PACS) has been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is $30.50.

Several equities research analysts recently issued reports on PACS shares. JPMorgan Chase & Co. started coverage on shares of PACS Group in a report on Monday. They issued an “overweight” rating and a $27.00 target price on the stock. Truist Financial assumed 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. Royal Bank of Canada began coverage on shares of PACS Group in a research report on Monday. They set an “outperform” rating and a $30.00 target price for the company. Oppenheimer began coverage on shares of PACS Group in a research note on Monday. They set an “outperform” rating and a $31.00 price target on the stock. Finally, Citigroup started coverage on PACS Group in a report on Monday. They issued a “buy” rating and a $32.00 target price on the stock.

Insider Activity

In other 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 stock was sold at an average price of $21.00, for a total value of $33,749,982.00. Following the completion of the sale, the chief executive officer now directly owns 62,754,551 shares of the company’s stock, valued at approximately $1,317,845,571. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

PACS Group Trading Down 1.3 %

Shares of PACS opened at $24.67 on Monday. PACS Group has a twelve month low of $22.61 and a twelve month high of $25.72.

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.