Adeptus Health Inc. (ADPT) Receives “Hold” Rating from Jefferies Group
Jefferies Group reaffirmed their hold rating on shares of Adeptus Health Inc. (NYSE:ADPT) in a research report report published on Monday morning. The brokerage currently has a $13.00 price objective on the stock.
Other equities analysts have also issued reports about the company. Bank of America Corp. lowered Adeptus Health from a buy rating to an underperform rating in a report on Wednesday, November 2nd. KeyCorp set a $31.00 price target on Adeptus Health and gave the stock a buy rating in a report on Wednesday, November 2nd. Goldman Sachs Group Inc. lowered Adeptus Health from a buy rating to a neutral rating and cut their price target for the stock from $72.00 to $12.00 in a report on Friday, November 4th. Stephens lowered Adeptus Health from an overweight rating to an equal weight rating in a report on Wednesday, November 2nd. Finally, TheStreet lowered Adeptus Health from a hold rating to a sell rating in a report on Tuesday, November 1st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $44.80.
Adeptus Health (NYSE:ADPT) opened at 8.94 on Monday. The firm has a market cap of $146.57 million, a PE ratio of 1.58 and a beta of 1.22. Adeptus Health has a one year low of $7.91 and a one year high of $73.44. The firm has a 50-day moving average price of $21.99 and a 200-day moving average price of $42.45.
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A number of large investors have recently modified their holdings of the company. Seven Eight Capital LLC purchased a new stake in shares of Adeptus Health during the first quarter valued at about $101,000. Mason Street Advisors LLC bought a new position in Adeptus Health during the second quarter valued at approximately $136,000. Municipal Employees Retirement System of Michigan increased its position in Adeptus Health by 2.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,990 shares of the company’s stock valued at $129,000 after buying an additional 70 shares in the last quarter. Invictus RG bought a new position in Adeptus Health during the second quarter valued at approximately $188,000. Finally, BNP Paribas Arbitrage SA increased its position in Adeptus Health by 124.6% in the second quarter. BNP Paribas Arbitrage SA now owns 4,169 shares of the company’s stock valued at $215,000 after buying an additional 2,313 shares in the last quarter.
Adeptus Health Company Profile
Adeptus Health Inc is a patient-centered healthcare company. The Company is engaged in providing emergency medical care through a network of independent freestanding emergency rooms in the United States and partnerships with various healthcare systems. The Company has approximately 80 freestanding facilities and over two licensed general hospitals.
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