HCP’s Hold Rating Reaffirmed at Cowen and Company (HCP)
HCP (NYSE:HCP)‘s stock had its “hold” rating reaffirmed by research analysts at Cowen and Company in a report released on Monday, Analyst Ratings Network reports. They currently have a $41.00 target price on the stock. Cowen and Company’s price objective indicates a potential downside of 1.54% from the stock’s previous close.
Shares of HCP (NYSE:HCP) traded down 1.07% on Monday, hitting $41.64. 2,244,617 shares of the company’s stock traded hands. HCP has a 52-week low of $38.93 and a 52-week 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 price-to-earnings ratio of 21.46.
HCP (NYSE:HCP) last released its earnings data on Tuesday, July 30th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of HCP (NYSE:HCP) from $49.00 to $45.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, 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. 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 investment 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’s stock. The company has a consensus rating of “Hold” and a consensus target price of $48.45.
HCP, Inc (NYSE:HCP) is a real estate investment trust (REIT).
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