PACS Group (NYSE:PACS) Upgraded by Zacks Research to “Strong-Buy” Rating

PACS Group (NYSE:PACS) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

PACS has been the subject of several other reports. JPMorgan Chase & Co. assumed coverage on PACS Group in a report on Wednesday, December 17th. They issued an “overweight” rating and a $44.00 target price for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of PACS Group in a research report on Monday, December 22nd. Wall Street Zen raised shares of PACS Group from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Royal Bank Of Canada raised their price objective on shares of PACS Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Truist Financial set a $40.00 target price on shares of PACS Group in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $44.40.

PACS Group Price Performance

PACS stock 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 has a debt-to-equity ratio of 0.36, a current ratio of 1.07 and a quick ratio of 0.94. The firm has a market capitalization of $5.59 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 1.16 and a beta of -0.64. The business has a 50 day simple moving average of $38.13 and a 200-day simple moving average of $24.96.

Institutional Trading of PACS Group

Several institutional investors and hedge funds have recently bought and sold shares of PACS. Caitong International Asset Management Co. Ltd purchased a new position in PACS Group during the fourth quarter worth about $89,000. Invesco Ltd. raised its stake in shares of PACS Group by 685.4% in the 4th quarter. Invesco Ltd. now owns 191,788 shares of the company’s stock valued at $7,363,000 after acquiring an additional 167,368 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of PACS Group by 29.7% in the 4th quarter. Corient Private Wealth LLC now owns 170,052 shares of the company’s stock worth $6,528,000 after acquiring an additional 38,956 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of PACS Group during the 4th quarter worth approximately $347,000. Finally, Janus Henderson Group PLC increased its holdings in PACS Group by 914.5% in the 4th quarter. Janus Henderson Group PLC now owns 214,070 shares of the company’s stock valued at $8,219,000 after purchasing an additional 192,970 shares during 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.