HealthSouth Corp. Downgraded by Raymond James to Market Perform (HLS)
HealthSouth Corp. (NYSE:HLS) was downgraded by equities researchers at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of HealthSouth Corp. in a research note to investors on Friday, November 22nd. They now have a $39.00 price target on the stock, up previously from $38.00. Separately, analysts at Susquehanna raised their price target on shares of HealthSouth Corp. from $37.00 to $40.00 in a research note to investors on Wednesday, November 20th. They now have a “positive” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of HealthSouth Corp. from $34.00 to $37.00 in a research note to investors on Wednesday, October 30th. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $37.66.
Shares of HealthSouth Corp. (NYSE:HLS) traded down 2.56% on Monday, hitting $32.34. The stock had a trading volume of 1,401,192 shares. HealthSouth Corp. has a one year low of $21.77 and a one year high of $37.01. The stock’s 50-day moving average is $34.57 and its 200-day moving average is $33.29. The company has a market cap of $2.827 billion and a P/E ratio of 10.47.
HealthSouth Corp. (NYSE:HLS) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.18. The company had revenue of $564.00 million for the quarter, compared to the consensus estimate of $557.50 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that HealthSouth Corp. will post $1.89 EPS for the current fiscal year.
HealthSouth Corporation (NYSE:HLS) is an owner and operator of inpatient rehabilitation hospitals.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.