HealthSouth Corp. Rating Increased to Buy at TheStreet (HLS)
HealthSouth Corp. (NYSE:HLS) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Friday, StockRatingsNetwork.com reports.
The analysts wrote, “Healthsouth (HLS) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
A number of other firms have also recently commented on HLS. Analysts at Zacks upgraded shares of HealthSouth Corp. (NYSE:HLS) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, September 26th. They now have a $37.30 price target on the stock. Separately, analysts at Mizuho raised their price target on shares of HealthSouth Corp. (NYSE:HLS) from $36.00 to $39.00 in a research note to investors on Friday, August 16th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of HealthSouth Corp. (NYSE:HLS) from $30.00 to $36.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. HealthSouth Corp. currently has an average rating of “Buy” and a consensus target price of $33.29.
HealthSouth Corp. (NYSE:HLS) traded up 0.14% during mid-day trading on Friday, hitting $35.44. 260,958 shares of the company’s stock traded hands. HealthSouth Corp. has a 52-week low of $19.85 and a 52-week high of $36.52. The stock has a 50-day moving average of $33.16 and a 200-day moving average of $30.13. The company has a market cap of $3.094 billion and a price-to-earnings ratio of 11.72.
HealthSouth Corp. (NYSE:HLS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.09. The company had revenue of $564.50 million for the quarter, compared to the consensus estimate of $553.63 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts expect that HealthSouth Corp. will post $1.81 EPS for the current fiscal year.
HealthSouth Corporation (NYSE:HLS) is an owner and operator of inpatient rehabilitation hospitals.
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