PACS Group (NYSE:PACS) Upgraded at Zacks Research

Zacks Research upgraded shares of PACS Group (NYSE:PACS) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

Several other research analysts have also commented on the stock. UBS Group increased their price target on shares of PACS Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday. Oppenheimer increased their target price on shares of PACS Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial set a $40.00 price target on PACS Group in a research report on Friday, December 12th. JPMorgan Chase & Co. began coverage on PACS Group in a research note on Wednesday, December 17th. They set an “overweight” rating and a $44.00 price target for the company. Finally, Royal Bank Of Canada increased their price objective on PACS Group from $47.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, PACS Group currently has a consensus rating of “Buy” and an average price target of $44.40.

PACS Group Trading Down 3.6%

NYSE:PACS opened at $34.30 on Wednesday. The stock’s 50 day moving average price is $38.05 and its 200 day moving average price is $25.12. PACS Group has a 52 week low of $7.50 and a 52 week high of $43.08. The company has a market capitalization of $5.39 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.14 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 Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC lifted its stake in shares of 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 acquired a new stake in PACS Group during the fourth quarter worth about $27,000. Strategic Advocates LLC increased its stake in PACS Group by 18.5% during the fourth quarter. Strategic Advocates LLC now owns 5,182 shares of the company’s stock valued at $203,000 after acquiring an additional 808 shares during the period. Quarry LP raised its holdings in PACS Group by 79.5% in 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 raised its holdings in PACS Group by 5.5% in the 4th quarter. Mariner LLC now owns 26,319 shares of the company’s stock valued at $1,012,000 after acquiring an additional 1,379 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.