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UPDATE: Deutsche Bank Initiates Five Star Quality Care at Buy on Product Mix Improvement

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Deutsche Bank initiated coverage on Five Star Quality Care (NYSE: FVE) with a Buy rating and a $7.50 price target.

Deutsche Bank noted, "Among the senior living companies under our coverage, FVE has the highest mix of government reimbursement (26%) due to its skilled nursing facility exposure. However, FVE's mix of business has improved significantly in recent years due to dramatic growth in the number of IL/AL communities in operation and divestiture of certain SNF assets. In addition, we note that the recent sale of FVE's institutional pharmacy business serves as a milestone in simplifying the overall story."

Five Star Quality Care closed at $5.25 on Tuesday.

Latest Ratings for FVE

DateFirmActionFromTo
Aug 2018MaintainsOverweightOverweight
Dec 2016Initiates Coverage OnBuy
Sep 2014MaintainsBuy

View More Analyst Ratings for FVE
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Posted-In: Deutsche BankAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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