Citigroup Initiates Coverage on PACS Group (NYSE:PACS)

Citigroup assumed coverage on shares of PACS Group (NYSE:PACS) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $32.00 target price on the stock.

PACS has been the subject of a number of other research reports. Royal Bank of Canada began coverage on shares of PACS Group in a report on Monday. They issued an outperform rating and a $30.00 price target for the company. Truist Financial initiated coverage on PACS Group in a research note on Monday. They issued a buy rating and a $32.00 price objective for the company. Finally, Oppenheimer began coverage on PACS Group in a research report on Monday. They set an outperform rating and a $31.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $30.50.

PACS Group Stock Down 1.3 %

PACS Group stock opened at $24.67 on Monday. PACS Group has a 52-week low of $22.61 and a 52-week high of $25.72.

Insider Buying and Selling at PACS Group

In other news, CEO Jason Hulse Murray sold 1,607,142 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 62,754,551 shares in the company, valued at $1,317,845,571. The sale was disclosed in a document filed with the SEC, 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.