Cantor Fitzgerald analyst Joseph France reiterated a Buy rating on Five Star Quality Care (NYSE: FVE) today and set a price target of $3. The company’s shares opened today at $1.20, close to its 52-week low of $1.05.
France commented:
“Updating 2018-2019 outlook. We are adjusting our estimates to reflect the continued pressure on occupancy and the timing of the asset sales. We are lowering our 2018 adjusted EBITDA estimate to $4.3 million from $16 million. Our 2019 estimates include adjusted EPS of ($0.45) (vs. the ($0.42) FactSet consensus) and adjusted EBITDA of $11.8 million (vs. $10.2 million consensus).”
According to TipRanks.com, France is a 4-star analyst with an average return of 9.9% and a 55.4% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, US Physical Therapy, and Envision Healthcare.
Five Star Quality Care has an analyst consensus of Moderate Buy, with a price target consensus of $4.
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Based on Five Star Quality Care’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $1.01 million. In comparison, last year the company had a GAAP net loss of $6.79 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.
