PACS Group (NYSE:PACS) Now Covered by Analysts at Stephens

Stephens started coverage on shares of PACS Group (NYSE:PACS) in a research report released on Monday, MarketBeat reports. The firm issued an overweight rating and a $31.00 price target on the stock.

Several other brokerages have also issued reports on PACS. JPMorgan Chase & Co. started coverage on shares of PACS Group in a research note on Monday. They set an overweight rating and a $27.00 target price on the stock. Citigroup started coverage on shares of PACS Group in a research note on Monday. They set a buy rating and a $32.00 target price on the stock. Truist Financial started coverage on shares of PACS Group in a research note on Monday. They set a buy rating and a $32.00 target price on the stock. Oppenheimer started coverage on shares of PACS Group in a research note on Monday. They issued an outperform rating and a $31.00 price objective on the stock. Finally, Royal Bank of Canada started coverage on shares of PACS Group in a research note on Monday. They issued an outperform rating and a $30.00 price objective on the stock. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, PACS Group presently has an average rating of Buy and a consensus price target of $30.50.

PACS Group Trading Up 0.5 %

Shares of NYSE PACS opened at $24.93 on Monday. PACS Group has a 12-month low of $22.61 and a 12-month high of $25.72.

Insider Buying and Selling at PACS Group

In other news, CEO Jason Hulse Murray sold 1,607,142 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $21.00, for a total value of $33,749,982.00. Following the completion of the sale, the chief executive officer now owns 62,754,551 shares in the company, valued at $1,317,845,571. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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.