Brokerages Set PACS Group, Inc. (NYSE:PACS) Price Target at $30.50

Shares of PACS Group, Inc. (NYSE:PACS - Get Free Report) have been given an average recommendation of "Buy" by the six ratings firms that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $30.50.

Several brokerages have recently weighed in on PACS. Truist Financial began coverage on shares of PACS Group in a research report on Monday. They set a "buy" rating and a $32.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on PACS Group in a research report on Monday. They set an "overweight" rating and a $27.00 target price for the company. Citigroup started coverage on PACS Group in a research report on Monday. They issued a "buy" rating and a $32.00 price target on the stock. Stephens started coverage on PACS Group in a report on Monday. They set an "overweight" rating and a $31.00 price objective for the company. Finally, Oppenheimer assumed coverage on shares of PACS Group in a report on Monday. They issued an "outperform" rating and a $31.00 target price on the stock.

Insiders Place Their Bets

In other PACS Group news, CEO Jason Hulse Murray sold 1,607,142 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $21.00, for a total transaction of $33,749,982.00. Following the sale, the chief executive officer now owns 62,754,551 shares of the company's stock, valued at approximately $1,317,845,571. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

PACS Group Stock Up 0.5 %

PACS stock traded up $0.12 during midday trading on Monday, hitting $24.93. The stock had a trading volume of 272,758 shares, compared to its average volume of 677,316. PACS Group has a 52 week low of $22.61 and a 52 week high of $25.72.

About PACS Group

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.