Jefferies Downgrades Rotech Healthcare (ROHI) to Hold
Tweet Send to a FriendGet Alerts ROHI Hot Sheet
Price: $0.13 --0%
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade ROHI Now!
Jefferies downgraded Rotech Healthcare (OTCBB: ROHI) from Buy to Hold with a price target of $1.25 (down from $6).
The firm comments, "We are reducing our rating on ROHI to Hold given our belief that the stock will remain in the penalty box for the time being as investors react to ROHI's self-reported overbilling issue (which forced the company to delay its 10-Q filing and will likely result in prior period restatements) and weak Q1 results (while contractual billing issues were expected, organic growth was soft and SG&A expenses ticked up during the quarter)."
Jefferies cuts FY12 EPS from ($0.06) to ($1.00) and FY13 from $0.14 to ($0.58) .
For an analyst ratings summary and ratings history on Rotech Healthcare click here. For more ratings news on Rotech Healthcare click here.
Shares of Rotech Healthcare closed at $1.20 yesterday, with a 52 week range of $1.11-$4.93.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The firm comments, "We are reducing our rating on ROHI to Hold given our belief that the stock will remain in the penalty box for the time being as investors react to ROHI's self-reported overbilling issue (which forced the company to delay its 10-Q filing and will likely result in prior period restatements) and weak Q1 results (while contractual billing issues were expected, organic growth was soft and SG&A expenses ticked up during the quarter)."
Jefferies cuts FY12 EPS from ($0.06) to ($1.00) and FY13 from $0.14 to ($0.58) .
For an analyst ratings summary and ratings history on Rotech Healthcare click here. For more ratings news on Rotech Healthcare click here.
Shares of Rotech Healthcare closed at $1.20 yesterday, with a 52 week range of $1.11-$4.93.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- Jefferies Downgrades Infinera Corp. (INFN) to Hold
- Terex (TEX) Suffers from Weakness in Europe; Read-Through For Manitowoc (MTW)
Create E-mail Alert Related Categories
Analyst EPS Change, Analyst PT Change, DowngradesRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
