The stock of Quorum Health Corp (NYSE:QHC) is a huge mover today! About 134,900 shares traded hands. Quorum Health Corp (NYSE:QHC) has risen 6.00% since September 10, 2016 and is uptrending. It has underperformed by 1.59% the S&P500.
The move comes after 9 months negative chart setup for the $170.09M company. It was reported on Oct, 10 by Barchart.com. We have $5.10 PT which if reached, will make NYSE:QHC worth $23.81 million less.
Analysts await Quorum Health Corp (NYSE:QHC) to report earnings on November, 9. QHC’s profit will be $286,830 for 148.25 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. On Monday, August 15 the stock rating was maintained by Mizuho with “Neutral”. The company was initiated on Friday, July 29 by Credit Suisse. The stock of Quorum Health Corp (NYSE:QHC) earned “Equal-Weight” rating by Morgan Stanley on Monday, May 16. Mizuho initiated the stock with “Neutral” rating in Monday, June 20 report. RBC Capital Markets maintained Quorum Health Corp (NYSE:QHC) on Friday, August 12 with “Sector Perform” rating. UBS downgraded the stock to “Sell” rating in Thursday, August 11 report. The rating was initiated by Susquehanna on Wednesday, June 8 with “Neutral”. Avondale initiated Quorum Health Corp (NYSE:QHC) on Monday, May 23 with “Market Perform” rating. The firm has “Neutral” rating given on Friday, June 10 by UBS.
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 Businesswire.com with their article: “Community Health Systems Completes Spin-off of Quorum Health Corporation” published on April 29, 2016, Businesswire.com published: “Quorum Health Corporation Announces Second Quarter 2016 Operating Results and …” on August 10, 2016. More interesting news about Quorum Health Corp (NYSE:QHC) were released by: Bizjournals.com and their article: “What’s next for CHS spinout Quorum Health Corporation?” published on August 19, 2016 as well as Prnewswire.com‘s news article titled: “Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Quorum Health …” with publication date: September 16, 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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