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Date | Price Target | Rating | Analyst |
---|---|---|---|
9/11/2024 | $45.00 | Buy | Citigroup |
6/28/2024 | $35.00 | Outperform | Macquarie |
National Post-Acute Platform Adds 53 Facilities, Five New States and Senior Living Vertical to Portfolio PACS Group, Inc. (NYSE:PACS) ("PACS") has finalized its acquisition of operations of 53 skilled nursing, assisted and independent living facilities from Prestige Care (Prestige), bringing its proven model to new geographical areas. The facilities span eight western states with 21 facilities in Oregon, 19 in Washington, six in Idaho, three in Nevada and one facility each in Alaska, Arizona, California and Montana. Collectively, the facilities comprise 2,511 skilled nursing beds and 1,334 assisted living and independent living units. "PACS is committed to growing as a legacy company. O
PACS Group, Inc. (NYSE:PACS) ("PACS" or the "Company") today announced the closing of its upsized underwritten public offering of 19,034,482 shares of its common stock, which includes (i) 2,777,778 shares of its common stock sold by the Company and (ii) 16,256,704 shares of common stock sold by certain selling stockholders, which includes the exercise in full by the underwriters of their 30-day option to purchase an additional 2,482,758 shares of common stock from the selling stockholders, at a public offering price of $36.25 per share, for total gross proceeds of approximately $101 million to the Company and approximately $589 million to the selling stockholders, before deducting underwrit
PACS Group, Inc. (NYSE:PACS) ("PACS" or the "Company") today announced the pricing of its upsized underwritten public offering of 16,551,724 shares of its common stock, which includes 2,777,778 shares of common stock sold by the Company and 13,773,946 shares of common stock sold by certain selling stockholders, at a public offering price of $36.25 per share, for total gross proceeds of approximately $101 million to the Company and approximately $499 million to the selling stockholders, before deducting underwriting discounts and commissions and offering expenses. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2,482,758 sha
Truist Securities analyst David Macdonald maintains PACS Group (NYSE:PACS) with a Buy and raises the price target from $32 to $36.
In the preceding three months, 11 analysts have released ratings for PACS Group (NYSE:PACS), presenting a wide array of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 8 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 3 7 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $31.36, a high estimate of $35.00, and a low estimate of $27.00. Observing
Macquarie analyst Tao Qiu initiates coverage on PACS Group (NYSE:PACS) with a Outperform rating and announces Price Target of $35.
424B4 - PACS Group, Inc. (0002001184) (Filer)
EFFECT - PACS Group, Inc. (0002001184) (Filer)
S-1MEF - PACS Group, Inc. (0002001184) (Filer)
4 - PACS Group, Inc. (0002001184) (Issuer)
4 - PACS Group, Inc. (0002001184) (Issuer)
Citigroup resumed coverage of PACS Group with a rating of Buy and set a new price target of $45.00
Macquarie initiated coverage of PACS Group with a rating of Outperform and set a new price target of $35.00
PACS Group, Inc. (NYSE:PACS) ("PACS Group" or the "Company"), today announced that it will release its second quarter 2024 financial results after market close on Monday, August 12, 2024. Management will host a call on Monday, August 12, 2024, at 5:00 p.m. Eastern Time to discuss the financial results and related information. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240806841957/en/PACS headquarters in Farmington, Utah. (Photo: Business Wire) PACS Group invites current and prospective investors to listen to the call via webcast by going to the Investors section of the PACS Group website at https://IR.pacs.com, or https://e