Genesis Healthcare Inc. (GEN) Trading 6.5% Higher
Genesis Healthcare Inc. (NYSE:GEN) traded up 6.5% during mid-day trading on Monday . The company traded as high as $2.14 and last traded at $2.13, with a volume of 148,247 shares trading hands. The stock had previously closed at $2.00.
A number of equities research analysts have recently issued reports on the stock. Bank of America Corp. downgraded shares of 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 shares of 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 downgraded shares of 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, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.50.
The stock’s market capitalization is $204.28 million. The company has a 50-day moving average of $2.01 and a 200-day moving average of $2.04.
Genesis Healthcare (NYSE:GEN) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.27. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. Genesis Healthcare’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts forecast that Genesis Healthcare Inc. will post ($0.04) 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: 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.