Genesis Healthcare Inc. (GEN) Trading Up 10.2%
Genesis Healthcare Inc. (NYSE:GEN) was up 10.2% during trading on Tuesday . The company traded as high as $2.06 and last traded at $2.06, with a volume of 137,313 shares. The stock had previously closed at $1.87.
A number of equities research analysts recently commented on GEN shares. Stephens cut shares of Genesis Healthcare from an “overweight” rating to a “hold” rating in a report on Wednesday, May 11th. Royal Bank Of Canada lowered their price target on shares of Genesis Healthcare from $5.00 to $3.00 and set an “outperform” rating on the stock in a report on Monday, May 16th. Finally, Bank of America Corp. cut shares of Genesis Healthcare from a “neutral” rating to an “underperform” rating in a report on Monday, May 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Genesis Healthcare has an average rating of “Hold” and an average price target of $4.40.
The firm’s 50-day moving average price is $1.72 and its 200-day moving average price is $2.17. The firm’s market capitalization is $322.46 million.
Genesis Healthcare (NYSE:GEN) last issued its quarterly earnings data on Monday, May 9th. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.04. The firm earned $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company posted $0.07 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts predict that Genesis Healthcare Inc. will post ($0.01) earnings per share for the current fiscal year.
Genesis Healthcare, Inc, formerly Skilled Healthcare Group, Inc, is a holding company that provides post-acute care. The Company operates through three segments: long-term care (LTC), which includes the operation of skilled nursing facilities and assisted living facilities; therapy services, which includes its integrated and third-party rehabilitation therapy services, and hospice and home health services, which includes its hospice and home health businesses.
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