Genesis Healthcare Inc. (GEN) Trading Up 4.2%
Genesis Healthcare Inc. (NYSE:GEN) shares were up 4.2% on Monday . The stock traded as high as $2.52 and last traded at $2.46, with a volume of 271,100 shares changing hands. The stock had previously closed at $2.36.
Several research analysts recently weighed in on GEN shares. Stephens cut Genesis Healthcare from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 11th. Royal Bank Of Canada reduced their price target on Genesis Healthcare from $5.00 to $3.00 and set an “outperform” rating for the company in a research report on Monday, May 16th. Finally, Bank of America Corp. cut Genesis Healthcare from a “neutral” rating to an “underperform” rating in a research report on Monday, May 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.50.
The firm’s market capitalization is $221.38 million. The company’s 50 day moving average price is $2.16 and its 200-day moving average price is $2.09.
Genesis Healthcare (NYSE:GEN) last announced its earnings results on Thursday, August 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.27. During the same period in the previous year, the business posted $0.14 earnings per share. The company earned $1.44 billion during the quarter, compared to analysts’ expectations of $1.40 billion. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts anticipate that Genesis Healthcare Inc. will post ($1.49) EPS 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: inpatient services, which includes the operation of skilled nursing facilities and assisted or senior living facilities; rehabilitation therapy services, which includes its integrated and third-party rehabilitation and respiratory therapy services, and all other services, including physician services and other healthcare related services.
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