HCA Holdings, Inc. (HCA) Stock Rating Reaffirmed by Morgan Stanley
HCA Holdings, Inc. (NYSE:HCA)‘s stock had its “equal weight” rating reiterated by analysts at Morgan Stanley in a research report issued on Wednesday. They currently have a $88.00 target price on the stock, down from their previous target price of $90.00. Morgan Stanley’s target price points to a potential upside of 7.08% from the company’s current price.
HCA has been the subject of a number of other research reports. Deutsche Bank AG initiated coverage on shares of HCA Holdings in a research report on Tuesday, April 4th. They issued a “buy” rating and a $103.00 price objective for the company. Zacks Investment Research cut shares of HCA Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Cantor Fitzgerald restated a “buy” rating and issued a $95.00 price objective on shares of HCA Holdings in a research report on Monday, April 17th. BidaskClub upgraded shares of HCA Holdings from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Argus initiated coverage on shares of HCA Holdings in a research report on Wednesday, June 28th. They issued a “buy” rating and a $100.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. HCA Holdings presently has an average rating of “Buy” and an average target price of $92.56.
Shares of HCA Holdings (NYSE:HCA) traded down 0.4289% during mid-day trading on Wednesday, hitting $81.8275. The stock had a trading volume of 3,070,170 shares. The stock has a market capitalization of $30.02 billion, a price-to-earnings ratio of 11.1179 and a beta of 0.69. HCA Holdings has a 12-month low of $67.00 and a 12-month high of $91.03. The stock’s 50-day moving average price is $85.35 and its 200-day moving average price is $84.41.
HCA Holdings (NYSE:HCA) last released its quarterly earnings data on Tuesday, July 25th. The company reported $1.75 EPS for the quarter, missing the Zacks’ consensus estimate of $1.80 by $0.05. HCA Holdings had a net margin of 6.70% and a negative return on equity of 45.28%. The firm had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.76 billion. During the same quarter in the prior year, the company earned $1.66 EPS. HCA Holdings’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that HCA Holdings will post $7.36 EPS for the current fiscal year.
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In other news, SVP Robert A. Waterman sold 246,000 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $83.12, for a total transaction of $20,447,520.00. Following the completion of the transaction, the senior vice president now directly owns 392,252 shares in the company, valued at approximately $32,603,986.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $86.44, for a total transaction of $185,846.00. Following the transaction, the insider now owns 12,363 shares of the company’s stock, valued at $1,068,657.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 397,424 shares of company stock valued at $33,234,810. Company insiders own 2.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Gotham Asset Management LLC increased its position in HCA Holdings by 178.5% in the first quarter. Gotham Asset Management LLC now owns 325,689 shares of the company’s stock worth $28,983,000 after buying an additional 208,745 shares in the last quarter. Focused Wealth Management Inc increased its stake in shares of HCA Holdings by 52.6% in the first quarter. Focused Wealth Management Inc now owns 2,900 shares of the company’s stock valued at $258,000 after buying an additional 1,000 shares during the period. Brave Asset Management Inc. purchased a new stake in shares of HCA Holdings during the first quarter valued at about $767,000. Toronto Dominion Bank increased its stake in shares of HCA Holdings by 44.3% in the first quarter. Toronto Dominion Bank now owns 80,875 shares of the company’s stock valued at $7,197,000 after buying an additional 24,830 shares during the period. Finally, State of Tennessee Treasury Department increased its stake in shares of HCA Holdings by 34.9% in the first quarter. State of Tennessee Treasury Department now owns 123,155 shares of the company’s stock valued at $10,960,000 after buying an additional 31,852 shares during the period. Institutional investors own 74.48% of the company’s stock.
HCA Holdings Company Profile
HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.
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