PACS Group (NYSE:PACS) Receives “Buy” Rating from Truist Financial

Truist Financial restated their buy rating on shares of PACS Group (NYSE:PACSFree Report) in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a $32.00 price target on the stock.

A number of other research firms have also recently weighed in on PACS. JPMorgan Chase & Co. began coverage on shares of PACS Group in a research note on Monday, May 6th. They set an overweight rating and a $27.00 target price on the stock. Royal Bank of Canada boosted their price objective on PACS Group from $30.00 to $32.00 and gave the company an outperform rating in a research report on Wednesday. Oppenheimer increased their target price on PACS Group from $31.00 to $32.00 and gave the stock an outperform rating in a research report on Wednesday. Stephens reissued an overweight rating and issued a $31.00 price target on shares of PACS Group in a report on Tuesday. Finally, Citigroup assumed coverage on shares of PACS Group in a report on Monday, May 6th. They set a buy rating and a $32.00 price objective for the company. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, PACS Group currently has a consensus rating of Buy and a consensus target price of $31.00.

View Our Latest Analysis on PACS

PACS Group Stock Performance

Shares of NYSE:PACS opened at $28.21 on Wednesday. PACS Group has a 1-year low of $22.61 and a 1-year high of $28.95.

Insider Activity at PACS Group

In other PACS Group news, CEO Jason Hulse Murray sold 1,607,142 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $21.00, for a total transaction of $33,749,982.00. Following the completion of the transaction, the chief executive officer now owns 62,754,551 shares in the company, valued at approximately $1,317,845,571. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

PACS Group Company Profile

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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.

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Analyst Recommendations for PACS Group (NYSE:PACS)

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