PACS Group, Inc. (NYSE:PACS) Given Average Rating of “Moderate Buy” by Analysts

PACS Group, Inc. (NYSE:PACS) has received an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $34.00.

A number of analysts recently weighed in on PACS shares. Truist Financial reduced their target price on shares of PACS Group from $46.00 to $32.00 and set a “buy” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $18.00 target price on shares of PACS Group in a report on Tuesday, December 17th. Finally, Macquarie reduced their target price on PACS Group from $42.00 to $24.00 and set an “outperform” rating for the company in a report on Monday, January 6th.

Institutional Investors Weigh In On PACS Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming bought a new position in PACS Group during the fourth quarter valued at about $47,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of PACS Group during the 3rd quarter worth approximately $251,000. KLP Kapitalforvaltning AS bought a new stake in shares of PACS Group during the fourth quarter valued at approximately $126,000. Intech Investment Management LLC acquired a new position in shares of PACS Group in the third quarter valued at $405,000. Finally, Savant Capital LLC bought a new position in PACS Group in the fourth quarter worth $142,000.

PACS Group Trading Up 3.3 %

NYSE:PACS opened at $11.27 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. The company has a 50-day moving average of $13.07 and a 200-day moving average of $21.12. PACS Group has a twelve month low of $10.64 and a twelve month high of $43.92.

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.