RBC Capital Lowers HCP Price Target to $38.00 (HCP)
Equities research analysts at RBC Capital decreased their price objective on shares of HCP (NYSE:HCP) from $49.00 to $38.00 in a research note issued to investors on Friday, Stock Ratings Network reports. RBC Capital’s target price would suggest a potential downside of 2.69% from the stock’s previous close.
A number of other analysts have also recently weighed in on HCP. Analysts at Cowen and Company reiterated a “hold” rating on shares of HCP (NYSE:HCP) in a research note to investors on Monday, September 23rd. They now have a $41.00 price target on the stock. Separately, 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, September 23rd. They now have a “neutral” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.09.
HCP (NYSE:HCP) traded down 1.93% during mid-day trading on Friday, hitting $39.05. 7,791,408 shares of the company’s stock traded hands. HCP has a one year low of $38.93 and a one year high of $56.06. The stock has a 50-day moving average of $41.11 and a 200-day moving average of $46.48. The company has a market cap of $17.772 billion and a price-to-earnings ratio of 20.31.
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 in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts expect that HCP will post $2.98 EPS for the current fiscal year.
HCP, Inc (NYSE:HCP) is a real estate investment trust (REIT).
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