Analysts Set PACS Group, Inc. (NYSE:PACS) Target Price at $39.88

Shares of PACS Group, Inc. (NYSE:PACS) have been given an average recommendation of “Buy” by the eight research firms that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $39.88.

A number of equities research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of PACS Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. UBS Group started coverage on PACS Group in a research report on Wednesday, October 9th. They set a “buy” rating and a $50.00 price objective for the company. Stephens dropped their target price on PACS Group from $48.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Oppenheimer raised their price target on PACS Group from $32.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Finally, Citigroup began coverage on shares of PACS Group in a research note on Wednesday, September 11th. They issued a “buy” rating and a $45.00 price target on the stock.

PACS Group Stock Performance

Shares of PACS stock opened at $16.55 on Friday. 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’s fifty day moving average price is $32.49 and its 200-day moving average price is $33.07. PACS Group has a 12 month low of $16.09 and a 12 month high of $43.92.

Institutional Investors Weigh In On PACS Group

Large investors have recently bought and sold shares of the business. Lisanti Capital Growth LLC bought a new position in PACS Group during the 3rd quarter valued at about $4,259,000. GSA Capital Partners LLP bought a new position in PACS Group during the third quarter valued at approximately $1,229,000. Davidson Kempner Capital Management LP purchased a new stake in PACS Group in the second quarter worth approximately $4,425,000. Bank of New York Mellon Corp bought a new stake in PACS Group in the 2nd quarter worth approximately $2,445,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in PACS Group during the 2nd quarter valued at $7,513,000.

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.