PACS Group, Inc. (NYSE:PACS) Receives $32.14 Average Target Price from Analysts

PACS Group, Inc. (NYSE:PACS) has been given an average rating of “Buy” by the seven analysts that are presently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $32.14.

A number of research firms have commented on PACS. Oppenheimer lifted their target price on PACS Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Royal Bank of Canada lifted their target price on shares of PACS Group from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, May 15th. Citigroup began coverage on PACS Group in a research note on Monday, May 6th. They issued a “buy” rating and a $32.00 price target for the company. Truist Financial raised their price objective on PACS Group from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. started coverage on shares of PACS Group in a report on Monday, May 6th. They issued an “overweight” rating and a $27.00 target price for the company.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in PACS Group stock. Caas Capital Management LP acquired a new stake in PACS Group, Inc. (NYSE:PACS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,989 shares of the company’s stock, valued at approximately $1,386,000. PACS Group makes up approximately 0.4% of Caas Capital Management LP’s portfolio, making the stock its 11th biggest position.

PACS Group Price Performance

NYSE:PACS opened at $33.74 on Friday. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.56 and a current ratio of 1.56. PACS Group has a one year low of $22.61 and a one year high of $34.88. The business’s 50-day simple moving average is $30.15.

PACS Group (NYSE:PACS) last issued its quarterly earnings results on Monday, May 13th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.08. The company had revenue of $934.72 million during the quarter, compared to the consensus estimate of $893.07 million. On average, equities research analysts anticipate that PACS Group will post 1.51 EPS for the current year.

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.