Envision Healthcare Holdings Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:EVHC)
Shares of Envision Healthcare Holdings (NASDAQ:EVHC) have been given an average rating of “Buy” by the eighteen analysts that are currently covering the company, StockRatingsNetwork.com reports. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $49.20.
A number of analysts have recently weighed in on EVHC shares. Analysts at Wells Fargo & Co. initiated coverage on shares of Envision Healthcare Holdings in a research note on Wednesday, July 23rd. They set a “market perform” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Envision Healthcare Holdings from $37.00 to $41.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock. Finally, analysts at Robert W. Baird initiated coverage on shares of Envision Healthcare Holdings in a research note on Wednesday, July 9th. They set an “outperform” rating and a $42.00 price target on the stock.
Shares of Envision Healthcare Holdings (NASDAQ:EVHC) opened at 34.90 on Wednesday. Envision Healthcare Holdings has a one year low of $24.62 and a one year high of $38.02. The stock has a 50-day moving average of $35.51 and a 200-day moving average of $34.06. The company has a market cap of $6.321 billion and a price-to-earnings ratio of 176.11.
Envision Healthcare Holdings (NASDAQ:EVHC) last announced its earnings results on Wednesday, May 7th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. On average, analysts predict that Envision Healthcare Holdings will post $1.13 earnings per share for the current fiscal year.
Envision Healthcare Holdings, Inc, is a provider of physician-led, outsourced medical services in the United States.
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