Zacks Upgrades HCA Holdings to “Outperform” (HCA)
HCA Holdings (NYSE:HCA) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday. The firm currently has a $69.30 target price on the stock. Zacks‘s price objective would suggest a potential upside of 5.82% from the stock’s previous close.
In other HCA Holdings news, SVP David Gwin Anderson sold 22,524 shares of the company’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $66.53, for a total transaction of $1,498,521.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on HCA. Analysts at RBC Capital raised their price target on shares of HCA Holdings from $56.00 to $80.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of HCA Holdings from $60.00 to $72.00 in a research note on Thursday. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of HCA Holdings in a research note on Wednesday. They now have a $84.00 price target on the stock, up previously from $60.00. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $67.71.
HCA Holdings (NYSE:HCA) opened at 65.49 on Friday. HCA Holdings has a 52 week low of $37.75 and a 52 week high of $66.71. The stock has a 50-day moving average of $58.65 and a 200-day moving average of $52.79. The company has a market cap of $29.668 billion and a price-to-earnings ratio of 18.51.
HCA Holdings (NYSE:HCA) last released its earnings data on Tuesday, July 29th. The company reported $1.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.92 by $0.15. The company had revenue of $9.96 billion for the quarter, compared to the consensus estimate of $8.98 billion. During the same quarter last year, the company posted $0.91 earnings per share. HCA Holdings’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that HCA Holdings will post $4.14 earnings per share for the current fiscal year.
HCA Holdings, Inc (NYSE:HCA) is a holding company whose affiliates owns and operates hospitals and related health care entities.
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