With 2.7 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.64 million shares. The 52-week range on HCP shows that it touched its highest point at $34.53 and its lowest point at $21.50 during that stretch. It currently has a 1-year price target of $35.00. Beta for the stock currently stands at 1.19.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HCP was up-trending over the past week, with a rise of 0.76%, but this was up by 0.58% over a month. Three-month performance surged to 2.19% while six-month performance rose 1.59%. The stock gained 45.73% in the past year, while it has gained 0.79% so far this year. A look at the trailing 12-month EPS for HCP yields -0.61 with Next year EPS estimates of 0.48. For the next quarter, that number is 0.10. This implies an EPS growth rate of 537.12% for this year and 36.52% for next year.
Float and Shares Shorts:
At present, 161.39 million HCP shares are outstanding with a float of 153.24 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HCP since 8 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.11845 being high and -$0.13819 being low. For HCP, this leads to a yearly average estimate of -$0.12832. Based on analyst estimates, the high estimate for the next quarter is $0.14 and the low estimate is $0.05. The average estimate for the next quarter is thus $0.09.
