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

PACS Group, Inc. (NYSE:PACS) has earned a consensus recommendation of “Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have covered the stock in the last year is $31.57.

PACS has been the topic of several research reports. Macquarie initiated coverage on shares of PACS Group in a research report on Friday. They issued an “outperform” rating and a $35.00 price target on the stock. Oppenheimer boosted their target price on shares of PACS Group from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. Truist Financial reaffirmed a “buy” rating and issued a $32.00 price target on shares of PACS Group in a report on Wednesday, May 15th. Royal Bank of Canada boosted their price objective on PACS Group from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, May 15th. Finally, Citigroup began coverage on PACS Group in a research note on Monday, May 6th. They issued a “buy” rating and a $32.00 target price for the company.

Insider Buying and Selling at PACS Group

In other news, CEO Jason Hulse Murray sold 1,607,142 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $21.00, for a total transaction of $33,749,982.00. Following the completion of the transaction, the chief executive officer now owns 62,754,551 shares of the company’s stock, valued at $1,317,845,571. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PACS Group Price Performance

NYSE:PACS opened at $29.24 on Tuesday. The stock has a fifty day moving average price of $27.97. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.56 and a quick ratio of 1.56. PACS Group has a 1 year low of $22.61 and a 1 year high of $31.76.

PACS Group (NYSE:PACS) last announced its quarterly earnings data on Monday, May 13th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.08. The firm had revenue of $934.72 million during the quarter, compared to analysts’ expectations of $893.07 million. On average, equities analysts predict 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.