HealthSouth Corp. Upgraded to Outperform at Zacks (HLS)
HealthSouth Corp. (NYSE:HLS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, AnalystRatings.NET reports. The firm currently has a $39.10 price objective on the stock. Zacks‘ target price would suggest a potential upside of 17.10% from the stock’s previous close.
A number of other firms have also recently commented on HLS. Analysts at Raymond James downgraded shares of HealthSouth Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, January 6th. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.66.
Shares of HealthSouth Corp. (NYSE:HLS) traded up 1.44% during mid-day trading on Tuesday, hitting $33.87. The stock had a trading volume of 677,748 shares. HealthSouth Corp. has a 1-year low of $22.38 and a 1-year high of $37.01. The stock has a 50-day moving average of $34.34 and a 200-day moving average of $33.56. The company has a market cap of $2.961 billion and a P/E ratio of 10.54.
HealthSouth Corp. (NYSE:HLS) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts predict that HealthSouth Corp. will post $1.90 earnings per share for the current fiscal year.
HealthSouth Corporation (NYSE:HLS) is an owner and operator of inpatient rehabilitation hospitals.
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