PACS Group (NYSE:PACS) PT Raised to $46.00 at Truist Financial

PACS Group (NYSE:PACS) had its price objective lifted by Truist Financial from $44.00 to $46.00 in a research report sent to investors on Monday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other research analysts have also recently weighed in on PACS. Macquarie started coverage on PACS Group in a research report on Friday, June 28th. They set an “outperform” rating and a $35.00 price objective on the stock. Oppenheimer lifted their price objective on PACS Group from $32.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Citigroup started coverage on PACS Group in a research report on Wednesday, September 11th. They set a “buy” rating and a $45.00 price objective on the stock. Stephens lifted their price objective on PACS Group from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Finally, UBS Group started coverage on PACS Group in a research report on Wednesday, October 9th. They set a “buy” rating and a $50.00 price objective on the stock. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $39.38.

PACS Group Price Performance

Shares of NYSE:PACS opened at $41.35 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71. The stock has a 50-day moving average price of $39.30. PACS Group has a 52-week low of $22.61 and a 52-week high of $42.46.

PACS Group (NYSE:PACS) last announced its earnings results on Monday, August 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.42). The business had revenue of $981.80 million during the quarter, compared to analyst estimates of $919.22 million. The business’s revenue was up 29.1% compared to the same quarter last year. Equities analysts anticipate that PACS Group will post 1.03 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Amalgamated Bank bought a new stake in PACS Group in the 2nd quarter worth approximately $25,000. Sandia Investment Management LP bought a new stake in PACS Group in the 2nd quarter worth approximately $295,000. The Manufacturers Life Insurance Company bought a new stake in PACS Group in the 2nd quarter worth approximately $302,000. SG Americas Securities LLC bought a new stake in PACS Group in the 3rd quarter worth approximately $548,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in PACS Group in the 2nd quarter worth approximately $552,000.

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.