HCA Holdings Inc. (HCA) Upgraded 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 report released on Tuesday. The firm presently has a $92.00 price target on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 12.17% from the company’s current price.
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 research analysts also recently commented on HCA. Jefferies Group restated a “buy” rating on shares of HCA Holdings in a research note on Wednesday, August 10th. Credit Suisse Group AG restated a “buy” rating on shares of HCA Holdings in a research note on Tuesday, June 28th. Mizuho restated a “buy” rating and issued a $97.00 target price (down previously from $102.00) on shares of HCA Holdings in a research note on Friday, July 29th. Evercore ISI assumed coverage on HCA Holdings in a research note on Thursday, September 22nd. They set a “hold” rating and a $89.00 price target for the company. Finally, Citigroup Inc. decreased 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. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock has an average 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 midday trading on Tuesday, hitting $82.02. The stock had a trading volume of 2,660,096 shares. HCA Holdings has a 12-month low of $60.07 and a 12-month high of $83.69. The firm has a market cap of $31.06 billion, a PE ratio of 14.21 and a beta of 0.89. The firm has a 50-day moving average of $76.28 and a 200 day moving average of $77.68.
HCA Holdings (NYSE:HCA) last issued its earnings results on Thursday, July 28th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10. HCA Holdings had a negative return on equity of 42.19% and a net margin of 5.75%. The firm had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $10.49 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, analysts expect that HCA Holdings will post $6.58 earnings per share for the current year.
Several large investors have recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. bought a new stake in shares of HCA Holdings during the first quarter worth $148,000. Canada Pension Plan Investment Board raised its stake in shares of HCA Holdings by 65.3% in the first quarter. Canada Pension Plan Investment Board now owns 467,808 shares of the company’s stock worth $36,512,000 after buying an additional 184,800 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of HCA Holdings during the first quarter worth $317,000. Lazard Asset Management LLC raised its stake in shares of HCA Holdings by 11.8% in the first quarter. Lazard Asset Management LLC now owns 288,564 shares of the company’s stock worth $22,521,000 after buying an additional 30,360 shares during the last quarter. Finally, AXA raised its stake in shares of HCA Holdings by 135.4% in the first quarter. AXA now owns 1,324,720 shares of the company’s stock worth $103,394,000 after buying an additional 761,920 shares during the last quarter. 72.82% of the stock is currently owned by hedge funds and other institutional investors.
About HCA Holdings
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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