Several research firms recently commented on PACS Group. UBS started covering the stock on October 9 with a buy rating and a price target of $50. Citigroup also set a buy rating with a $45 target on September 11. Oppenheimer raised their target from $32 to $40 with an outperform rating on August 13, the same day Stephens upped their target from $37 to $40, labeling it overweight. Macquarie started covering PACS on June 28 with an outperform rating and a $35 target. Overall, eight analysts rate PACS a buy, with a consensus rating and a target of $39.38 according to MarketBeat.com.
Read Our Latest Analysis on PACS Group
PACS Group Price Performance
PACS Group (NYSE PACS) opened at $40.11 on Monday. Its 12-month range is from $22.61 to $42.25, and the fifty-day moving average is $38.82. The company has a debt-to-equity ratio of 0.82 and both quick and current ratios of 1.71.
On August 12, PACS reported quarterly earnings of ($0.07) per share, missing estimates of $0.35. However, its revenue of $981.80 million exceeded expectations of $919.22 million and grew 29.1% year-over-year. Analysts predict an EPS of 1.03 for the current fiscal year.
Institutional Trading of PACS Group
Recently, large investors bought or adjusted their stakes in PACS. Notable purchases include Caas Capital Management ($1.39 million), Bank of New York Mellon ($2.45 million), Allspring Global Investments ($7.51 million), Rhumbline Advisers ($870,000), and Oppenheimer Asset Management ($552,000).
About PACS Group
PACS Group, Inc. operates skilled nursing and assisted living facilities in the U.S. and provides senior care services. Founded in 2013 and based in Farmington, Utah, the company focuses on acquiring and managing healthcare-related properties.
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