The stock of Quorum Health Corp (NYSE:QHC) hit a new 52-week low and has $3.58 target or 11.00% below today’s $4.02 share price. The 8 months bearish chart indicates high risk for the $114.97M company. The 1-year low was reported on Oct, 31 by Barchart.com. If the $3.58 price target is reached, the company will be worth $12.65M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 56,858 shares traded hands. Quorum Health Corp (NYSE:QHC) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.
Analysts await Quorum Health Corp (NYSE:QHC) to report earnings on November, 9. QHC’s profit will be $285,995 for 100.50 P/E if the $0.01 EPS becomes a reality. After $-1.02 actual earnings per share reported by Quorum Health Corp for the previous quarter, Wall Street now forecasts -100.98% EPS growth.
Quorum Health Corp (NYSE:QHC) Ratings Coverage
Out of 7 analysts covering Quorum Health (NYSE:QHC), 0 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 0 are positive. Quorum Health has been the topic of 9 analyst reports since May 16, 2016 according to StockzIntelligence Inc. Credit Suisse initiated it with “Neutral” rating and $12 target price in Friday, July 29 report. The stock of Quorum Health Corp (NYSE:QHC) earned “Neutral” rating by Susquehanna on Wednesday, June 8. The stock has “Neutral” rating given by Mizuho on Monday, June 20. The firm has “Neutral” rating by UBS given on Friday, June 10. The company was downgraded on Thursday, August 11 by UBS. As per Friday, August 12, the company rating was maintained by RBC Capital Markets. Mizuho maintained the stock with “Neutral” rating in Monday, August 15 report. The stock of Quorum Health Corp (NYSE:QHC) has “Market Perform” rating given on Monday, May 23 by Avondale. As per Monday, May 16, the company rating was initiated by Morgan Stanley.
According to Zacks Investment Research, “Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services primarily in the United States. The company own or lease a diversified portfolio of hospitals. It also operates Quorum Health Resources, LLC, a hospital management advisory and consulting services business. Quorum Health Corporation is headquartered in Tennessee.”
More notable recent Quorum Health Corp (NYSE:QHC) news were published by: Bizjournals.com which released: “What’s next for CHS spinout Quorum Health Corporation?” on August 19, 2016, also Marketwatch.com with their article: “Quorum Health Corp.” published on May 02, 2016, Businesswire.com published: “Community Health Systems Completes Spin-off of Quorum Health Corporation” on April 29, 2016. More interesting news about Quorum Health Corp (NYSE:QHC) were released by: Businesswire.com and their article: “Quorum Health Corporation Announces Definitive Agreement to Divest Hospital in …” published on October 19, 2016 as well as Businesswire.com‘s news article titled: “Quorum Health Corporation Announces Second Quarter 2016 Operating Results and …” with publication date: August 10, 2016.
QHC Company Profile
Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services in the United States. The Firm operates in two divisions: Hospital operations, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services, and hospital management advisory and consulting services, which includes Quorum Health Resources, LLC (QHR). It operates QHR, which is a hospital management advisory and consulting services that provides services to non-affiliated general acute care hospitals. The Company’s hospitals and its affiliated businesses offer services, such as general acute care, emergency room, general and specialty surgery and rehabilitation services. On April 1, 2016, Community Health Systems, Inc. announced that its board of directors has approved the distribution to its stockholders of 100% of the common stock of a new, independent publicly traded company, Quorum Health Corporation.
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