HCA Holdings, Inc. (HCA) Given Consensus Rating of “Buy” by Analysts
HCA Holdings, Inc. (NYSE:HCA) has earned an average recommendation of “Buy” from the eighteen analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $92.71.
Several equities analysts recently issued reports on the company. BidaskClub lowered HCA Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Argus reduced their price target on HCA Holdings from $100.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday. Zacks Investment Research upgraded HCA Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Citigroup Inc. reduced their price target on HCA Holdings from $89.00 to $87.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. Finally, Leerink Swann upgraded HCA Holdings from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $92.00 to $100.00 in a research report on Tuesday, June 6th.
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In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $84.86, for a total value of $182,449.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan B. Perlin sold 71,063 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $86.00, for a total value of $6,111,418.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,967 shares of company stock valued at $11,472,759. Company insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HCA. Gotham Asset Management LLC boosted 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 during the last quarter. Focused Wealth Management Inc boosted its position in HCA Holdings by 52.6% in the first quarter. Focused Wealth Management Inc now owns 2,900 shares of the company’s stock worth $258,000 after buying an additional 1,000 shares during the last quarter. Brave Asset Management Inc. purchased a new position in HCA Holdings during the first quarter worth approximately $767,000. Toronto Dominion Bank boosted its position in HCA Holdings by 44.3% in the first quarter. Toronto Dominion Bank now owns 80,875 shares of the company’s stock worth $7,197,000 after buying an additional 24,830 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its position in HCA Holdings by 34.9% in the first quarter. State of Tennessee Treasury Department now owns 123,155 shares of the company’s stock worth $10,960,000 after buying an additional 31,852 shares during the last quarter. Institutional investors own 75.69% of the company’s stock.
HCA Holdings (NYSE HCA) traded down 0.64% during trading on Tuesday, hitting $79.01. The company had a trading volume of 973,298 shares. The stock has a market capitalization of $28.54 billion, a price-to-earnings ratio of 10.59 and a beta of 0.67. The company’s 50 day moving average price is $83.37 and its 200-day moving average price is $84.38. HCA Holdings has a 1-year low of $67.00 and a 1-year high of $91.03.
HCA Holdings (NYSE:HCA) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.80 by $0.05. The firm had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.76 billion. HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. HCA Holdings’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 earnings per share. On average, analysts expect that HCA Holdings will post $7.17 EPS for the current year.
About HCA Holdings
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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