PACS Group, Inc. (NYSE:PACS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of PACS Group, Inc. (NYSE:PACS) have received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $48.00.

PACS has been the subject of a number of analyst reports. Truist Financial increased their price objective on PACS Group from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Wall Street Zen lowered PACS Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Zacks Research cut shares of PACS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Royal Bank Of Canada lifted their price target on shares of PACS Group from $47.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, Oppenheimer lifted their price target on shares of PACS Group from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th.

PACS Group Stock Performance

NYSE:PACS opened at $35.19 on Wednesday. The firm has a market cap of $5.57 billion and a PE ratio of 22.56. PACS Group has a fifty-two week low of $7.50 and a fifty-two week high of $43.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.99 and a current ratio of 0.99. The business has a 50 day moving average price of $35.35 and a 200-day moving average price of $35.72.

PACS Group (NYSE:PACS) last released its quarterly earnings data on Monday, May 11th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.36 billion. PACS Group had a return on equity of 26.47% and a net margin of 4.49%. Equities research analysts predict that PACS Group will post 2.19 earnings per share for the current year.

Insider Buying and Selling at PACS Group

In related news, COO Joshua Jergensen sold 36,335 shares of PACS Group stock in a transaction on Friday, March 13th. The shares were sold at an average price of $34.28, for a total value of $1,245,563.80. Following the sale, the chief operating officer owned 2,667,347 shares in the company, valued at $91,436,655.16. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Todd Mitchell sold 27,389 shares of PACS Group stock in a transaction on Monday, May 18th. The shares were sold at an average price of $37.16, for a total transaction of $1,017,775.24. Following the completion of the sale, the insider owned 803,566 shares in the company, valued at approximately $29,860,512.56. This trade represents a 3.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 116,487 shares of company stock worth $4,269,388. 70.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PACS Group

Several hedge funds have recently made changes to their positions in the company. Jacobsen Capital Management boosted its position in shares of PACS Group by 1.6% during the first quarter. Jacobsen Capital Management now owns 18,128 shares of the company’s stock valued at $582,000 after purchasing an additional 294 shares in the last quarter. Larson Financial Group LLC lifted its position in PACS Group by 127.0% during the fourth quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock valued at $42,000 after buying an additional 612 shares during the period. Hollencrest Capital Management purchased a new position in PACS Group during the fourth quarter valued at $27,000. Strategic Advocates LLC lifted its position in PACS Group by 18.5% during the fourth quarter. Strategic Advocates LLC now owns 5,182 shares of the company’s stock valued at $203,000 after buying an additional 808 shares during the period. Finally, Peterson Wealth Services lifted its position in PACS Group by 1.6% during the first quarter. Peterson Wealth Services now owns 53,672 shares of the company’s stock valued at $1,724,000 after buying an additional 854 shares during the period.

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.