Jefferies Raises Numbers on Skilled Healthcare (SKH) After Solid Q4
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Price: $8.77 --0%
Rating Summary:
1 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
1 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Jefferies boosted estimates and its price target on Hold-rated Skilled Healthcare Group (NYSE: SKH) from $4.50 to $7 following better-than-expected 4Q results benefitting from successful cost mitigation efforts.
The firm comments, "Despite severe Medicare reimbursement headwinds, SKH posted better-than-expected 4Q results benefitting from successful cost mitigation efforts. FY12 EPS guidance looks good with consensus currently at the low end of the range. This should push the stock a bit higher this morning. Maintain Hold pending increased reimbursement visibility, but raising our PT to $7 (from $4.50)."
Q1 EPS goes from $0.16 to $0.49, FY12 from $1.12 to $1.15 and FY13 from $0.79 to $0.83.
For an analyst ratings summary and ratings history on Skilled Healthcare Group click here. For more ratings news on Skilled Healthcare Group click here.
Shares of Skilled Healthcare Group closed at $6.27 yesterday.
The firm comments, "Despite severe Medicare reimbursement headwinds, SKH posted better-than-expected 4Q results benefitting from successful cost mitigation efforts. FY12 EPS guidance looks good with consensus currently at the low end of the range. This should push the stock a bit higher this morning. Maintain Hold pending increased reimbursement visibility, but raising our PT to $7 (from $4.50)."
Q1 EPS goes from $0.16 to $0.49, FY12 from $1.12 to $1.15 and FY13 from $0.79 to $0.83.
For an analyst ratings summary and ratings history on Skilled Healthcare Group click here. For more ratings news on Skilled Healthcare Group click here.
Shares of Skilled Healthcare Group closed at $6.27 yesterday.
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