IPC The Hospitalist Company Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:IPCM)
Shares of IPC The Hospitalist Company (NASDAQ:IPCM) have earned an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Analyst Ratings.Net reports. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $51.67.
In other IPC The Hospitalist Company news, EVP Richard Russell sold 5,196 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $47.47, for a total transaction of $246,654.12. Following the completion of the sale, the executive vice president now directly owns 10,311 shares in the company, valued at approximately $489,463. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
IPCM has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. upgraded shares of IPC The Hospitalist Company to an “outperform” rating in a research note on Friday. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of IPC The Hospitalist Company in a research note on Thursday. They now have a $50.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of IPC The Hospitalist Company in a research note on Thursday. They now have a $50.00 price target on the stock.
Shares of IPC The Hospitalist Company (NASDAQ:IPCM) opened at 42.51 on Friday. IPC The Hospitalist Company has a 52-week low of $41.80 and a 52-week high of $63.70. The stock has a 50-day moving average of $49.47 and a 200-day moving average of $54.30. The company has a market cap of $728.0 million and a price-to-earnings ratio of 18.01.
IPC The Hospitalist Company (NASDAQ:IPCM) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.07. The company had revenue of $172.73 million for the quarter, compared to the consensus estimate of $183.00 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts predict that IPC The Hospitalist Company will post $2.45 earnings per share for the current fiscal year.
IPC The Hospitalist Company, Inc (NASDAQ:IPCM) is a provider of hospitalist services in the United States.
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