IPC The Hospitalist Co. EVP Richard Russell Sells 2,500 Shares (IPCM)
IPC The Hospitalist Co. (NASDAQ:IPCM) EVP Richard Russell sold 2,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $52.34, for a total transaction of $130,850.00. Following the sale, the executive vice president now directly owns 7,511 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on IPCM shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of IPC The Hospitalist Co. (NASDAQ:IPCM) in a research note to investors on Monday, July 29th. They now have a $70.00 price target on the stock, up previously from $68.00. Separately, analysts at Deutsche Bank downgraded shares of IPC The Hospitalist Co. (NASDAQ:IPCM) from a “buy” rating to a “hold” rating in a research note to investors on Friday, July 26th. They now have a GBX 48 ($0.76) price target on the stock. Finally, analysts at Piper Jaffray Cos. downgraded shares of IPC The Hospitalist Co. (NASDAQ:IPCM) from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, June 25th. They now have a $50.00 price target on the stock.
Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.75.
Shares of IPC The Hospitalist Co. (NASDAQ:IPCM) traded up 0.36% during mid-day trading on Tuesday, hitting $52.50. The stock had a trading volume of 48,167 shares. IPC The Hospitalist Co. has a 52-week low of $33.10 and a 52-week high of $55.49. The stock has a 50-day moving average of $52.10 and a 200-day moving average of $48.55. The company has a market cap of $884.3 million and a price-to-earnings ratio of 22.92.
IPC The Hospitalist Co. (NASDAQ:IPCM) last released its earnings data on Thursday, July 25th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.01. The company had revenue of $145.80 million for the quarter, compared to the consensus estimate of $149.57 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. Analysts expect that IPC The Hospitalist Co. will post $2.19 EPS for the current fiscal year.
IPC The Hospitalist Company, Inc (NASDAQ:IPCM) is a provider of hospitalist services in the United States.
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