Envision Healthcare Holdings Coverage Initiated at Oppenheimer (EVHC)
Equities research analysts at Oppenheimer started coverage on shares of Envision Healthcare Holdings (NASDAQ:EVHC) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $33.00 price target on the stock. Oppenheimer’s price target indicates a potential upside of 22.95% from the company’s current price.
The analysts wrote, “We are initiating coverage of Envision Healthcare with an Outperform rating and a $33 price target, or 18% upside from current levels. In our view, Envision is the premier operator in two highly fragmented industries through its two subsidiaries: EmCare in the hospital-based physician outsourcing business and American Medical Response (AMR) in the emergency transport market. Overall, this is a compelling growth story, with favorable pricing power, a promising M&A opportunity, significant upside from its new Evolution Health business and a proven management team. Furthermore, with ~20% of volumes from self-pay sources, Envision is uniquely positioned to benefit from the Affordable Care Act’s coverage benefits between 2014 and 2016.”
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Envision Healthcare Holdings (NASDAQ:EVHC) in a research note to investors on Monday. They set a “buy” rating and a $34.00 price target on the stock. Analysts at Piper Jaffray Cos. initiated coverage on shares of Envision Healthcare Holdings (NASDAQ:EVHC) in a research note to investors on Monday, September 16th. They set an “overweight” rating and a $32.00 price target on the stock.
Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.70.
Shares of Envision Healthcare Holdings (NASDAQ:EVHC) traded down 0.45% during mid-day trading on Monday, hitting $26.72. 659,720 shares of the company’s stock traded hands. Envision Healthcare Holdings has a one year low of $24.62 and a one year high of $28.88. The stock has a 50-day moving average of $26.62 and a 200-day moving average of $26.62. The company has a market cap of $4.651 billion and a P/E ratio of 108.23.
Envision Healthcare Holdings, Inc, is a provider of physician-led, outsourced medical services in the United States.
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