PACS Group (NYSE:PACS) Research Coverage Started at Macquarie

Macquarie initiated coverage on shares of PACS Group (NYSE:PACS) in a research note released on Friday, MarketBeat reports. The firm issued an outperform rating and a $35.00 price objective on the stock.

Other equities analysts also recently issued research reports about the company. Oppenheimer increased their price target on PACS Group from $31.00 to $32.00 and gave the company an outperform rating in a report on Wednesday, May 15th. Citigroup started coverage on shares of PACS Group in a research report on Monday, May 6th. They set a buy rating and a $32.00 target price for the company. Stephens reaffirmed an overweight rating and issued a $31.00 price target on shares of PACS Group in a research report on Tuesday, May 14th. Truist Financial restated a buy rating and set a $32.00 target price on shares of PACS Group in a research note on Wednesday, May 15th. Finally, Royal Bank of Canada lifted their price target on PACS Group from $30.00 to $32.00 and gave the stock an outperform rating in a research report on Wednesday, May 15th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of Buy and an average price target of $31.57.

PACS Group Price Performance

PACS Group stock opened at $29.50 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 $31.76. The stock’s fifty day simple moving average is $27.84.

PACS Group (NYSE:PACS) last released its quarterly earnings results on Monday, May 13th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.08. The company had revenue of $934.72 million for the quarter, compared to the consensus estimate of $893.07 million. Sell-side analysts anticipate that PACS Group will post 1.51 EPS for the current year.

Insider Transactions at PACS Group

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

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.