IPC The Hospitalist Company Upgraded by Wells Fargo & Co. to Outperform (IPCM)
IPC The Hospitalist Company (NASDAQ:IPCM) was upgraded by Wells Fargo & Co. from a “market perform” rating to an “outperform” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on IPCM. 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. Separately, 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. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of IPC The Hospitalist Company in a research note on Thursday. They now have a $51.00 price target on the stock, down previously from $54.00. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $51.67.
Shares of IPC The Hospitalist Company (NASDAQ:IPCM) traded down 2.00% during mid-day trading on Friday, hitting $41.66. 267,954 shares of the company’s stock traded hands. IPC The Hospitalist Company has a 52-week low of $41.27 and a 52-week high of $63.70. The stock has a 50-day moving average of $49.17 and a 200-day moving average of $54.24. The company has a market cap of $713.4 million and a P/E 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 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue 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.
In other IPC The Hospitalist Company news, EVP Richard Russell sold 5,196 shares of the company’s stock on the open market in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $47.47, for a total value 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.
IPC The Hospitalist Company, Inc (NASDAQ:IPCM) is a provider of hospitalist services in the United States.
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