UBS Group Issues Positive Forecast for PACS Group (NYSE:PACS) Stock Price

PACS Group (NYSE:PACS) had its price objective lifted by UBS Group from $42.00 to $44.00 in a research report report published on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. 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 research report on Sunday, February 15th. Oppenheimer raised their target price on shares of PACS Group from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada upped their price target on PACS Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Zacks Research upgraded PACS Group from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, PACS Group presently has an average rating of “Moderate Buy” and an average price target of $44.40.

PACS Group Trading Down 1.3%

PACS opened at $36.38 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.23 and a beta of -0.64. PACS Group has a 12 month low of $7.50 and a 12 month high of $43.08. The stock has a fifty day moving average price of $38.16 and a 200-day moving average price of $24.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management purchased a new stake in shares of PACS Group during the fourth quarter valued at $27,000. Quarry LP lifted its position in PACS Group by 79.5% during the 3rd quarter. Quarry LP now owns 2,388 shares of the company’s stock worth $33,000 after acquiring an additional 1,058 shares during the period. Larson Financial Group LLC grew its stake in PACS Group by 127.0% during the 4th quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock valued at $42,000 after purchasing an additional 612 shares during the last quarter. Strategic Advocates LLC purchased a new stake in PACS Group during the 3rd quarter valued at about $60,000. Finally, Jones Financial Companies Lllp purchased a new stake in PACS Group during the 1st quarter valued at about $64,000.

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.