Gentiva Health Services Downgraded to “Hold” at Deutsche Bank (GTIV)
Gentiva Health Services (NASDAQ:GTIV) was downgraded by equities researchers at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $13.00 target price on the stock, down from their previous target price of $15.50. Deutsche Bank’s target price would suggest a potential upside of 11.02% from the company’s current price.
A number of other analysts have also recently weighed in on GTIV. Analysts at Zacks upgraded shares of Gentiva Health Services from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 2nd. They now have a $15.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Gentiva Health Services from a “sell” rating to a “hold” rating in a research note to investors on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.80.
Shares of Gentiva Health Services (NASDAQ:GTIV) traded up 0.69% during mid-day trading on Tuesday, hitting $11.71. The stock had a trading volume of 233,987 shares. Gentiva Health Services has a 1-year low of $8.47 and a 1-year high of $13.85. The stock’s 50-day moving average is $12.38 and its 200-day moving average is $11.68. The company’s market cap is $424.7 million.
Gentiva Health Services (NASDAQ:GTIV) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.08. The company had revenue of $410.50 million for the quarter, compared to the consensus estimate of $417.11 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts expect that Gentiva Health Services will post $0.90 EPS for the current fiscal year.
Gentiva Health Services, Inc (NASDAQ:GTIV) is engaged in providing home health services and hospice services.
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