Stephens Cuts PACS Group (NYSE:PACS) Price Target to $31.00

PACS Group (NYSE:PACS) had its price target reduced by Stephens from $48.00 to $31.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts also recently commented on the stock. Truist Financial lifted their target price on shares of PACS Group from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Oppenheimer boosted their price target on shares of PACS Group from $32.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $40.00 price target on shares of PACS Group in a research note on Wednesday, November 6th. UBS Group assumed coverage on shares of PACS Group in a research note on Wednesday, October 9th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Citigroup assumed 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. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $39.88.

PACS Group Stock Up 0.9 %

Shares of PACS stock opened at $17.25 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average is $35.84 and its two-hundred day moving average is $33.60. PACS Group has a 12 month low of $16.58 and a 12 month high of $43.92.

Institutional Investors Weigh In On PACS Group

Several large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in PACS Group during the 3rd quarter worth approximately $472,000. Geode Capital Management LLC grew its holdings in PACS Group by 65.2% during the 3rd quarter. Geode Capital Management LLC now owns 834,440 shares of the company’s stock worth $33,359,000 after acquiring an additional 329,288 shares in the last quarter. Barclays PLC grew its holdings in PACS Group by 651.3% during the 3rd quarter. Barclays PLC now owns 63,366 shares of the company’s stock worth $2,532,000 after acquiring an additional 54,932 shares in the last quarter. Zimmer Partners LP grew its holdings in PACS Group by 191.2% during the 3rd quarter. Zimmer Partners LP now owns 2,329,529 shares of the company’s stock worth $93,111,000 after acquiring an additional 1,529,529 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in PACS Group by 63.2% during the 3rd quarter. Jane Street Group LLC now owns 38,746 shares of the company’s stock worth $1,549,000 after acquiring an additional 15,003 shares in the last quarter.

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.