The stock of Quorum Health Corp (NYSE:QHC) reached all time low today, Oct, 31 and still has $3.61 target or 11.00% below today’s $4.06 share price. This indicates more downside for the $116.12M company. This technical setup was reported by Barchart.com. If the $3.61 PT is reached, the company will be worth $12.77M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 69,718 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 $286,010 for 101.50 P/E if the $0.01 EPS becomes a reality. After $-1.02 actual EPS 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. The firm has “Neutral” rating given on Monday, June 20 by Mizuho. The firm has “Sector Perform” rating given on Friday, August 12 by RBC Capital Markets. The firm has “Neutral” rating given on Wednesday, June 8 by Susquehanna. The company was downgraded on Thursday, August 11 by UBS. The company was initiated on Friday, July 29 by Credit Suisse. On Monday, May 16 the stock rating was initiated by Morgan Stanley with “Equal-Weight”. Mizuho maintained the stock with “Neutral” rating in Monday, August 15 report. On Monday, May 23 the stock rating was initiated by Avondale with “Market Perform”. The stock has “Neutral” rating given by UBS on Friday, June 10.
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: Marketwatch.com which released: “Quorum Health Corp.” on May 02, 2016, also Bizjournals.com with their article: “What’s next for CHS spinout Quorum Health Corporation?” published on August 19, 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 Second Quarter 2016 Operating Results and …” published on August 10, 2016 as well as Businesswire.com‘s news article titled: “Quorum Health Corporation Announces First Quarter 2016 Results with Net …” with publication date: May 11, 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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