Genesis Healthcare Inc. (GEN) Trading 10.2% Higher
Genesis Healthcare Inc. (NYSE:GEN) traded up 10.2% during trading on Tuesday . The stock traded as high as $2.06 and last traded at $2.06, with a volume of 137,313 shares trading hands. The stock had previously closed at $1.87.
Several equities research analysts have commented on the company. Bank of America Corp. cut Genesis Healthcare from a “neutral” rating to an “underperform” rating in a research note on Monday, May 16th. Royal Bank Of Canada cut their target price on Genesis Healthcare from $5.00 to $3.00 and set an “outperform” rating on the stock in a research note on Monday, May 16th. Finally, Stephens cut Genesis Healthcare from an “overweight” rating to a “hold” rating in a research note on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $4.40.
The company’s market cap is $313.25 million. The stock has a 50 day moving average price of $1.74 and a 200 day moving average price of $2.17.
Genesis Healthcare (NYSE:GEN) last issued its earnings results on Monday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.04. During the same quarter in the previous year, the firm posted $0.07 EPS. The business earned $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Genesis Healthcare’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts forecast that Genesis Healthcare Inc. will post ($0.01) earnings per share for the current 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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