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

by · The Cerbat Gem

PACS Group, Inc. (NYSE:PACS – Get Free Report) has received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $48.00.

PACS has been the subject of a number of research reports. UBS Group raised their price target on shares of PACS Group from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Zacks Research lowered shares of PACS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Royal Bank Of Canada raised their price target on shares of PACS Group from $47.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Truist Financial raised their price target on shares of PACS Group from $50.00 to $52.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Oppenheimer raised their price target on shares of PACS Group from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th.

Check Out Our Latest Research Report on PACS Group

PACS Group Stock Performance

NYSE PACS opened at $36.39 on Wednesday. The firm has a market cap of $5.76 billion and a price-to-earnings ratio of 23.33. The company has a 50 day moving average of $35.58 and a 200-day moving average of $35.87. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.27. PACS Group has a 1-year low of $7.50 and a 1-year high of $43.08.

PACS Group (NYSE:PACS – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.36 billion. PACS Group had a net margin of 4.49% and a return on equity of 26.47%. On average, equities analysts forecast that PACS Group will post 2.19 earnings per share for the current fiscal year.

Insider Transactions at PACS Group

In other PACS Group news, insider John Todd Mitchell sold 52,763 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $38.02, for a total value of $2,006,049.26. Following the transaction, the insider directly owned 830,955 shares of the company’s stock, valued at approximately $31,592,909.10. This trade represents a 5.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 70.10% of the company’s stock.

Hedge Funds Weigh In On PACS Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hollencrest Capital Management bought a new position in PACS Group in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC boosted its stake in PACS Group by 127.0% in the fourth quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock valued at $42,000 after acquiring an additional 612 shares during the last quarter. KBC Group NV bought a new position in PACS Group in the first quarter valued at approximately $42,000. Western Wealth Management LLC bought a new position in PACS Group in the first quarter valued at approximately $48,000. Finally, Physician Wealth Advisors Inc. bought a new position in shares of PACS Group during the fourth quarter worth $74,000.

PACS Group Company Profile

(Get Free Report)

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.

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