Truist Financial Initiates Coverage on PACS Group (NYSE:PACS)

Stock analysts at Truist Financial started coverage on shares of PACS Group (NYSE:PACS) in a report issued on Monday, MarketBeat.com reports. The firm set a “buy” rating and a $32.00 price target on the stock. Truist Financial’s price target suggests a potential upside of 28.05% from the stock’s previous close.

Separately, Royal Bank of Canada initiated coverage on PACS Group in a report on Monday. They issued an “outperform” rating and a $30.00 target price on the stock. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $30.50.

PACS Group Price Performance

Shares of PACS opened at $24.99 on Monday. PACS Group has a 12-month low of $22.61 and a 12-month high of $25.72.

Insider Activity at PACS Group

In related news, CEO Jason Hulse Murray sold 1,607,142 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $21.00, for a total value of $33,749,982.00. Following the completion of the sale, the chief executive officer now directly owns 62,754,551 shares of the company’s stock, valued at approximately $1,317,845,571. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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.