Envision Healthcare Co. (EVHC) Given Average Rating of “Buy” by Analysts
Envision Healthcare Co. (NYSE:EVHC) has been assigned an average rating of “Buy” from the fifteen research firms that are covering the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $73.14.
A number of analysts recently issued reports on EVHC shares. Zacks Investment Research upgraded Envision Healthcare from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Wednesday, February 1st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Envision Healthcare in a report on Thursday, March 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price target (down previously from $87.00) on shares of Envision Healthcare in a report on Wednesday, March 1st. Canaccord Genuity reiterated a “buy” rating and issued a $86.00 price target on shares of Envision Healthcare in a report on Tuesday, April 18th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $82.00 price target (down previously from $90.00) on shares of Envision Healthcare in a report on Wednesday, March 1st.
Envision Healthcare (NYSE:EVHC) opened at 56.95 on Friday. The stock’s market cap is $6.61 billion. Envision Healthcare has a 1-year low of $53.12 and a 1-year high of $82.37. The stock has a 50 day moving average price of $59.01 and a 200-day moving average price of $55.93.
Envision Healthcare (NYSE:EVHC) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $2.52 billion. Envision Healthcare had a return on equity of 8.05% and a net margin of 6.06%. On average, equities analysts expect that Envision Healthcare will post $1.40 EPS for the current year.
In other news, insider Robert Jon Coward sold 1,500 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $60.53, for a total transaction of $90,795.00. Following the completion of the sale, the insider now owns 114,363 shares in the company, valued at approximately $6,922,392.39. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 4,500 shares of company stock valued at $280,305. 2.30% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of EVHC. Seven Bridges Advisors LLC acquired a new stake in shares of Envision Healthcare during the third quarter valued at approximately $119,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Envision Healthcare during the first quarter valued at approximately $135,000. Korea Investment CORP acquired a new stake in shares of Envision Healthcare during the first quarter valued at approximately $141,000. Pacer Advisors Inc. raised its stake in shares of Envision Healthcare by 7.4% in the third quarter. Pacer Advisors Inc. now owns 7,045 shares of the company’s stock valued at $157,000 after buying an additional 484 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Envision Healthcare during the first quarter valued at approximately $172,000. Hedge funds and other institutional investors own 35.96% of the company’s stock.
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Envision Healthcare Company Profile
Envision Healthcare Holdings, Inc, formerly CDRT Holding Corporation, is a holding company. The Company, through its subsidiary, provides physician-led medical services in the United States. It operates in two segments: EmCare Holdings, Inc (EmCare) and American Medical Response, Inc (AMR). Its EmCare segment is a provider of integrated facility-based and post-acute care physician services to healthcare facilities in the United States.
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