IPC The Hospitalist Co. PT Raised to $60.00 at Dougherty & Co (IPCM)
Equities research analysts at Dougherty & Co increased their price target on shares of IPC The Hospitalist Co. (NASDAQ:IPCM) from $53.00 to $60.00 in a research note issued to investors on Friday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Dougherty & Co’s price objective points to a potential upside of 10.09% from the company’s current price.
Shares of IPC The Hospitalist Co. (NASDAQ:IPCM) traded up 5.74% on Friday, hitting $54.50. 227,305 shares of the company’s stock traded hands. IPC The Hospitalist Co. has a 52 week low of $33.10 and a 52 week high of $55.49. The stock’s 50-day moving average is $52.04 and its 200-day moving average is $48.39. The company has a market cap of $918.0 million and a P/E ratio of 22.59.
IPC The Hospitalist Co. (NASDAQ:IPCM) last released its earnings data on Thursday, October 24th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $149.10 million for the quarter, compared to the consensus estimate of $147.73 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis.
IPCM has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of IPC The Hospitalist Co. from $48.00 to $52.00 in a research note to investors on Wednesday, October 9th. They now have a “hold” rating on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of IPC The Hospitalist Co. 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $53.13.
In other IPC The Hospitalist Co. news, Insider Devra Shapiro unloaded 5,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $50.78, for a total value of $253,900.00. Following the transaction, the insider now directly owns 2,645 shares in the company, valued at approximately $134,313. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
IPC The Hospitalist Company, Inc (NASDAQ:IPCM) is a provider of hospitalist services in the United States.
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