Quorum Health Corporation Commo (NYSE:QHC):
QHC INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of a Class Action Involving Quorum Health Corporation and a Lead Plaintiff Deadline of November 8, 2016.
The company is so far trading down by -2.78% since yesterday’s close of $4.31.
Shares are trading at $4.19 which is just under the 50 day moving average of $6.02 and a tad below the 200 day moving average of $8.95. The 50 day moving average was down $-1.83 and the 200 day average moved down $-4.76.
In the latest earnings report the EPS was $-8.69 and is expected to be $-1.96 for the current year with 29,487,000 shares presently outstanding. Next quarter’s EPS is expected be $-0.18 with next year’s EPS anticipated to be $-0.40.
Several Wall Street investment firms have issued ratings on the company recently. Credit Suisse started coverage setting a rating of “Neutral” and projecting a price target of $12.00. Equity analyst Mizuho Securities released its first research report on the stock giving it an initial rating of “Neutral”.
On June 10, 2016 UBS added the stock to its research portfolio with a rating of “Neutral”. On June 2 analysts at RBC Capital added QHC to its research portfolio with an initial rating of “Sector Perform”.
Equity analyst Avondale Partners began coverage of QHC by announcing an initial rating of “Market Perform” and price target of $14.00. On May 16, 2016 Morgan Stanley initiated coverage with a rating of “Equal-weight” and setting a price target of $12.00.