HealthSouth Corp Rating Increased to Outperform at Zacks (HLS)
HealthSouth Corp (NYSE:HLS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Friday. The firm currently has a $40.90 target price on the stock. Zacks‘s price target suggests a potential upside of 6.29% from the stock’s previous close.
HLS has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of HealthSouth Corp from $37.00 to $41.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of HealthSouth Corp in a research note on Wednesday. They now have a $44.00 price target on the stock, up previously from $36.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of HealthSouth Corp from $38.00 to $41.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $40.86.
Shares of HealthSouth Corp (NYSE:HLS) opened at 38.48 on Friday. HealthSouth Corp has a 52-week low of $29.82 and a 52-week high of $42.41. The stock has a 50-day moving average of $36.64 and a 200-day moving average of $34.4. The company has a market cap of $3.376 billion and a price-to-earnings ratio of 22.94.
HealthSouth Corp (NYSE:HLS) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.07. The company had revenue of $604.40 million for the quarter, compared to the consensus estimate of $588.94 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts predict that HealthSouth Corp will post $2.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Monday, September 29th. This is a boost from HealthSouth Corp’s previous quarterly dividend of $0.18.
HealthSouth Corporation (NYSE:HLS) is an owner and operator of inpatient rehabilitation hospitals.
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