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Equities researchers at WallachBeth Capital raised their price objective on shares of IPC The Hospitalist Co. (NASDAQ:IPCM) from $54.00 to $60.00 in a research report issued on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. WallachBeth Capital’s price objective points to a potential upside of 6.55% from the company’s current price.

IPC The Hospitalist Co. (NASDAQ:IPCM) traded down 3.14% during mid-day trading on Friday, hitting $54.54. 78,692 shares of the company’s stock traded hands. IPC The Hospitalist Co. has a one year low of $39.06 and a one year high of $63.70. The stock has a 50-day moving average of $54.99 and a 200-day moving average of $54.86. The company has a market cap of $923.1 million and a P/E ratio of 23.95.

IPC The Hospitalist Co. (NASDAQ:IPCM) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.57 by $0.01. The company had revenue of $161.60 million for the quarter, compared to the consensus estimate of $158.45 million. Analysts expect that IPC The Hospitalist Co. will post $2.53 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray raised their price target on shares of IPC The Hospitalist Co. from $50.00 to $57.00 in a research note on Friday. Separately, analysts at Credit Suisse downgraded shares of IPC The Hospitalist Co. from an “outperform” rating to a “neutral” rating in a research note on Friday, January 3rd. They now have a $54.00 price target on the stock. Finally, analysts at KeyCorp initiated coverage on shares of IPC The Hospitalist Co. in a research note on Tuesday, December 17th. They set a “hold” rating on the stock. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. IPC The Hospitalist Co. has a consensus rating of “Hold” and a consensus price target of $57.67.

IPC The Hospitalist Company, Inc (NASDAQ:IPCM) is a provider of hospitalist services in the United States.

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