HCP Price Target Lowered to $45.00 at JPMorgan Chase & Co. (HCP)
JPMorgan Chase & Co. reduced their price objective on shares of HCP (NYSE:HCP) from $49.00 to $45.00 in a research note issued on Monday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 8.07% from the company’s current price.
A number of other analysts have also recently weighed in on HCP. Analysts at Jefferies Group cut their price target on shares of HCP (NYSE:HCP) from $46.00 to $43.00 in a research note to investors on Wednesday, September 18th. They now have a “hold” rating on the stock. Separately, 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. Finally, 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.
One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $48.45.
Shares of HCP (NYSE:HCP) traded down 1.07% during mid-day trading on Monday, hitting $41.64. The stock had a trading volume of 2,244,617 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 $41.29 and a 200-day moving average of $46.97. The company has a market cap of $18.950 billion and a P/E ratio of 21.46.
HCP (NYSE:HCP) last released its earnings data on Tuesday, July 30th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters 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.
HCP, Inc (NYSE:HCP) is a real estate investment trust (REIT).
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