HealthSouth Corporation (HLS) Downgraded by BidaskClub to “Sell”
HealthSouth Corporation (NYSE:HLS) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.
Several other equities analysts have also commented on HLS. KeyCorp assumed coverage on shares of HealthSouth Corporation in a research report on Thursday, June 15th. They set a “sector weight” rating for the company. Mizuho upped their price target on shares of HealthSouth Corporation from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, July 10th. Barclays PLC reissued an “underweight” rating and issued a $46.00 price objective (up previously from $44.00) on shares of HealthSouth Corporation in a research report on Monday, May 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 price objective on shares of HealthSouth Corporation in a research report on Wednesday, July 5th. Finally, Zacks Investment Research lowered shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. HealthSouth Corporation presently has an average rating of “Hold” and an average price target of $49.71.
HealthSouth Corporation (NYSE:HLS) traded up 0.26% during midday trading on Thursday, hitting $45.86. 811,775 shares of the stock traded hands. HealthSouth Corporation has a one year low of $36.97 and a one year high of $49.71. The company has a market cap of $4.11 billion, a P/E ratio of 17.11 and a beta of 0.63. The company’s 50 day moving average is $46.98 and its 200-day moving average is $43.46.
HealthSouth Corporation (NYSE:HLS) last issued its earnings results on Thursday, April 27th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. HealthSouth Corporation had a net margin of 6.80% and a return on equity of 28.73%. The company had revenue of $974.80 million for the quarter, compared to analyst estimates of $960.05 million. During the same period in the prior year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts forecast that HealthSouth Corporation will post $2.70 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, June 29th. HealthSouth Corporation’s payout ratio is currently 35.96%.
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Large investors have recently added to or reduced their stakes in the company. Neuburgh Advisers LLC raised its stake in HealthSouth Corporation by 40.1% in the first quarter. Neuburgh Advisers LLC now owns 3,072 shares of the company’s stock worth $132,000 after buying an additional 880 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in HealthSouth Corporation by 40.1% in the first quarter. Glen Harbor Capital Management LLC now owns 4,224 shares of the company’s stock worth $181,000 after buying an additional 1,210 shares during the last quarter. BB&T Corp purchased a new stake in HealthSouth Corporation during the first quarter worth $200,000. Elkfork Partners LLC raised its stake in HealthSouth Corporation by 40.1% in the first quarter. Elkfork Partners LLC now owns 5,376 shares of the company’s stock worth $230,000 after buying an additional 1,540 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in HealthSouth Corporation during the first quarter worth $231,000. 97.04% of the stock is owned by institutional investors.
HealthSouth Corporation Company Profile
HealthSouth Corporation (HealthSouth) is a provider of post-acute healthcare services, offering both facility-based and home-based post-acute services in 35 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The Company manages its operations through segments, including inpatient rehabilitation, and home health and hospice.
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