Adeptus Health (ADPT) Receives Analyst Rating

Adeptus Health (ADPT) : 6 analysts are covering Adeptus Health (ADPT) and their average rating on the stock is 1.33, which is read as a Strong Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Adeptus Health (ADPT) : The most positive equity analysts on Adeptus Health (ADPT) expects the shares to touch $103, whereas, the least positive believes that the stock will trade at $59 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $79 with an expected fluctuation of $17.47 from the mean.


Also, In a research note released to the investors, Jefferies maintains its rating on Adeptus Health (NYSE:ADPT).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Jefferies lowers the new price target from $100 per share to $77 per share. The rating by the firm was issued on September 8, 2016.

Adeptus Health (NYSE:ADPT): After opening at $39.47, the stock dipped to an intraday low of $39.08 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $40.64 and the buying power remained strong till the end. The stock closed at $39.84 for the day, a gain of 1.89% for the day session. The total traded volume was 485,407. The stocks close on the previous trading day was $39.1.

Adeptus Health Inc. is a holding company. The Company owns and operates First Choice Emergency Rooms, a network of independent freestanding emergency rooms in the United States. The Company provides emergency care through its freestanding emergency rooms. The Company provides patients with access to Board-certified physicians and emergency trained registered nurses and treatments on?site. The Companys facilities are equipped with radiology suite, including computerized tomography (CT) scanners, digital x-ray and ultrasound, as well as onsite laboratories. As of December 31, 2014, the Company had 55 facilities. The Companys facilities are located in the Houston, Dallas/Fort Worth, San Antonio and Austin, Texas markets; Colorado Springs and Denver, Colorado, and Phoenix, Arizona.

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