In a report released today, Joseph France from Cantor Fitzgerald maintained a Buy rating on Five Star Quality Care (FVE), with a price target of $2.50. The company’s shares closed yesterday at $0.64, close to its 52-week low of $0.63.
France wrote:
“We rate FVE 12-month price target of $2.50. We believe that FVE is well-positioned because of the senior housing market’s strong fundamentals and the company’s attractive valuation in the wake of its June 2016 sale of seven skilled nursing facilities. We also like that FVE continues to invest in its properties to make them more competitive as senior housing and suitable for shorter-stay rehab patients. Valuation Summary We arrive at our $2.50 price target via a blend of our DCF analysis, comparable company multiples and a sum of the parts valuation.”
According to TipRanks.com, France is a 5-star analyst with an average return of 10.2% and a 60.5% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Addus Homecare Corp, and US Physical Therapy.
Five Star Quality Care has an analyst consensus of Hold.
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Based on Five Star Quality Care’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $20.89 million. In comparison, last year the company had a GAAP net loss of $6.6 million.
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Five Star Senior Living, Inc. engages in the senior living operations. It operates through Senior Living Communities and Rehabilitation and Wellness segments.
