Envision Healthcare Corporation (EVHC) Given Consensus Recommendation of “Buy” by Analysts
Shares of Envision Healthcare Corporation (NYSE:EVHC) have received an average recommendation of “Buy” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $70.57.
A number of analysts have commented on the stock. Mizuho decreased their price target on shares of Envision Healthcare Corporation from $65.00 to $57.00 and set a “neutral” rating for the company in a research note on Wednesday, August 9th. BidaskClub lowered shares of Envision Healthcare Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Royal Bank Of Canada upped their target price on shares of Envision Healthcare Corporation from $72.00 to $77.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of Envision Healthcare Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Jefferies Group LLC set a $71.00 target price on shares of Envision Healthcare Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th.
In related news, insider Robert Jon Coward sold 1,500 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $62.69, for a total transaction of $94,035.00. Following the completion of the transaction, the insider now owns 97,863 shares in the company, valued at $6,135,031.47. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Bank of Australia grew its position in Envision Healthcare Corporation by 24.3% during the second quarter. Commonwealth Bank of Australia now owns 2,096 shares of the company’s stock valued at $130,000 after buying an additional 410 shares during the period. Ameritas Investment Partners Inc. bought a new position in Envision Healthcare Corporation during the first quarter valued at about $172,000. First Interstate Bank bought a new position in Envision Healthcare Corporation during the first quarter valued at about $184,000. Daiwa Securities Group Inc. grew its position in Envision Healthcare Corporation by 60.9% during the first quarter. Daiwa Securities Group Inc. now owns 3,169 shares of the company’s stock valued at $194,000 after buying an additional 1,200 shares during the period. Finally, Nordea Investment Management AB grew its position in Envision Healthcare Corporation by 3.7% during the first quarter. Nordea Investment Management AB now owns 3,341 shares of the company’s stock valued at $205,000 after buying an additional 120 shares during the period. Institutional investors own 64.75% of the company’s stock.
Shares of Envision Healthcare Corporation (EVHC) opened at 48.49 on Friday. Envision Healthcare Corporation has a 1-year low of $47.47 and a 1-year high of $74.75. The firm’s market cap is $5.68 billion. The company has a 50 day moving average of $51.97 and a 200 day moving average of $57.86.
Envision Healthcare Corporation (NYSE:EVHC) last announced its quarterly earnings results on Monday, August 7th. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Envision Healthcare Corporation had a negative net margin of 7.35% and a positive return on equity of 5.35%. Envision Healthcare Corporation’s quarterly revenue was up 156.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. On average, equities analysts forecast that Envision Healthcare Corporation will post $1.40 earnings per share for the current fiscal year.
Envision Healthcare Corporation 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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