HCA Holdings Inc. (HCA) Raised to “Buy” at Zacks Investment Research
HCA Holdings Inc. (NYSE:HCA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a $92.00 target price on the stock. Zacks Investment Research’s target price points to a potential upside of 12.17% from the company’s previous close.
According to Zacks, “HCA Inc. is a non-governmental hospital in the U.S. providing health care and related services. The Company operates a network of acute care hospitals, outpatient facilities, clinics and other patient care delivery settings. The Company also owns and manages freestanding surgery centers, diagnostic and imaging centers, radiation and oncology therapy centers, rehabilitation and physical therapy centers, and various other facilities. HCA Inc. is headquartered in Nashville, Tennessee. “
A number of other equities analysts also recently issued reports on HCA. Credit Suisse Group AG reiterated a “buy” rating on shares of HCA Holdings in a research note on Tuesday, June 28th. Mizuho reiterated a “buy” rating and set a $102.00 price target on shares of HCA Holdings in a research note on Thursday, July 14th. JPMorgan Chase & Co. downgraded HCA Holdings from an “overweight” rating to a “neutral” rating and set a $85.00 price target for the company. in a research note on Friday, July 29th. Citigroup Inc. cut their price target on HCA Holdings from $86.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Finally, Jefferies Group restated a “buy” rating on shares of HCA Holdings in a research note on Wednesday, August 10th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. HCA Holdings currently has a consensus rating of “Buy” and an average price target of $87.34.
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Shares of HCA Holdings (NYSE:HCA) traded up 2.03% during trading on Tuesday, hitting $82.02. The stock had a trading volume of 2,660,096 shares. The company has a market capitalization of $31.06 billion, a price-to-earnings ratio of 14.21 and a beta of 0.89. HCA Holdings has a 52 week low of $60.07 and a 52 week high of $83.69. The company’s 50 day moving average price is $76.28 and its 200 day moving average price is $77.68.
HCA Holdings (NYSE:HCA) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10. The business earned $10.32 billion during the quarter, compared to the consensus estimate of $10.49 billion. HCA Holdings had a negative return on equity of 42.19% and a net margin of 5.75%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS. Analysts predict that HCA Holdings will post $6.58 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in HCA. Conning Inc. raised its position in shares of HCA Holdings by 0.4% in the second quarter. Conning Inc. now owns 7,100 shares of the company’s stock valued at $547,000 after buying an additional 30 shares during the period. Pitcairn Co. raised its position in shares of HCA Holdings by 0.3% in the second quarter. Pitcairn Co. now owns 10,972 shares of the company’s stock valued at $844,000 after buying an additional 31 shares during the period. Bristlecone Advisors LLC raised its position in shares of HCA Holdings by 0.9% in the third quarter. Bristlecone Advisors LLC now owns 5,615 shares of the company’s stock valued at $425,000 after buying an additional 50 shares during the period. NEXT Financial Group Inc raised its position in shares of HCA Holdings by 1.9% in the second quarter. NEXT Financial Group Inc now owns 3,722 shares of the company’s stock valued at $286,000 after buying an additional 70 shares during the period. Finally, Breton Hill Capital Ltd. raised its position in shares of HCA Holdings by 0.6% in the second quarter. Breton Hill Capital Ltd. now owns 12,106 shares of the company’s stock valued at $932,000 after buying an additional 71 shares during the period. Institutional investors own 72.82% of the company’s stock.
HCA Holdings Company Profile
HCA Holdings, Inc is a healthcare services company. The Company’s segment is operating hospitals and related healthcare entities. The Company operates approximately 168 hospitals, consisting of 164 general, acute care hospitals; three psychiatric hospitals, and one rehabilitation hospital. In addition, the Company operates approximately 116 freestanding surgery centers.
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