HCP Given New $43.00 Price Target at Jefferies Group (HCP)
Research analysts at Jefferies Group reduced their target price on shares of HCP (NYSE:HCP) from $46.00 to $43.00 in a report released on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target points to a potential downside of 2.16% from the stock’s previous close.
Shares of HCP (NYSE:HCP) traded up 5.24% on Wednesday, hitting $43.95. The stock had a trading volume of 3,470,963 shares. HCP has a 1-year low of $38.93 and a 1-year high of $56.06. The stock has a 50-day moving average of $41.32 and a 200-day moving average of $47.07. The company has a market cap of $20.002 billion and a P/E ratio of 21.30.
HCP (NYSE:HCP) last announced its earnings results on Tuesday, July 30th. The company reported $0.72 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.02. The company had revenue of $516.30 million for the quarter, compared to the consensus estimate of $518.53 million. During the same quarter last year, the company posted $0.69 earnings per share. HCP’s revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that HCP will post $2.98 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company cut their price target on shares of HCP (NYSE:HCP) from $47.00 to $41.00 in a research note to investors on Thursday, September 12th. They now have a “market perform” rating on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of HCP (NYSE:HCP) in a research note to investors on Friday, September 6th. They now have a $51.00 price target on the stock, down previously from $53.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of HCP (NYSE:HCP) in a research note to investors on Wednesday, August 28th. They now have a $43.00 price target on the stock.
One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. HCP currently has an average rating of “Hold” and an average target price of $48.91.
HCP, Inc (NYSE:HCP) is a real estate investment trust (REIT).
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