UBS Group Forecasts Strong Price Appreciation for PACS Group (NYSE:PACS) Stock

PACS Group (NYSE:PACS) had its target price hoisted by equities researchers at UBS Group from $42.00 to $44.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 23.80% from the stock’s current price.

Several other equities research analysts have also recently issued reports on PACS. Zacks Research upgraded PACS Group from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Truist Financial set a $40.00 price target on PACS Group in a research note on Friday, December 12th. Weiss Ratings restated a “hold (c-)” rating on shares of PACS Group in a report on Monday, December 22nd. Oppenheimer increased their price objective on shares of PACS Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Wall Street Zen raised shares of PACS Group from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

PACS Group Stock Performance

Shares of PACS opened at $35.54 on Wednesday. PACS Group has a 1 year low of $7.50 and a 1 year high of $43.08. The company’s 50 day simple moving average is $38.13 and its 200 day simple moving average is $24.96. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 1.16 and a beta of -0.64. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 1.07.

Institutional Trading of PACS Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC raised its holdings 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 buying an additional 612 shares during the period. Hollencrest Capital Management purchased a new position in shares of PACS Group in the 4th quarter valued at $27,000. Strategic Advocates LLC lifted its holdings in shares of PACS Group by 18.5% during the 4th quarter. Strategic Advocates LLC now owns 5,182 shares of the company’s stock valued at $203,000 after acquiring an additional 808 shares in the last quarter. Quarry LP lifted its holdings in shares of PACS Group by 79.5% during the 3rd quarter. Quarry LP now owns 2,388 shares of the company’s stock valued at $33,000 after acquiring an additional 1,058 shares in the last quarter. Finally, Mariner LLC boosted its position in PACS Group by 5.5% during the 4th quarter. Mariner LLC now owns 26,319 shares of the company’s stock worth $1,012,000 after purchasing an additional 1,379 shares during the period.

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.