Mizuho Reiterates Buy Rating for HCA Holdings, Inc. (HCA)
HCA Holdings, Inc. (NYSE:HCA)‘s stock had its “buy” rating reaffirmed by stock analysts at Mizuho in a research note issued on Wednesday. They presently have a $92.00 target price on the stock. Mizuho’s target price suggests a potential upside of 18.42% from the stock’s previous close.
Several other brokerages have also recently issued reports on HCA. Robert W. Baird cut their price target on HCA Holdings from $95.00 to $93.00 and set an “outperform” rating for the company in a research note on Tuesday, August 22nd. ValuEngine cut HCA Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Argus began coverage on HCA Holdings in a research note on Wednesday, June 28th. They issued a “buy” rating and a $100.00 price target for the company. Cantor Fitzgerald reiterated a “buy” rating and issued a $95.00 price target on shares of HCA Holdings in a research note on Wednesday, September 6th. Finally, Bank of America Corporation cut HCA Holdings from a “buy” rating to a “neutral” rating and cut their price target for the company from $102.00 to $92.00 in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $93.19.
Shares of HCA Holdings (NYSE HCA) traded down 0.24% during mid-day trading on Wednesday, hitting $77.50. The company’s stock had a trading volume of 2,208,055 shares. HCA Holdings has a 1-year low of $67.00 and a 1-year high of $91.03. The company has a 50-day moving average of $78.29 and a 200 day moving average of $82.73. The company has a market cap of $28.00 billion, a price-to-earnings ratio of 10.39 and a beta of 0.62.
HCA Holdings (NYSE:HCA) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. The firm had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.76 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The company’s revenue was up 4.0% on a year-over-year basis. On average, analysts expect that HCA Holdings will post $7.18 EPS for the current year.
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In other news, insider Michael S. Cuffe sold 2,150 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $86.44, for a total transaction of $185,846.00. Following the completion of the transaction, the insider now directly owns 12,363 shares in the company, valued at $1,068,657.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 6,450 shares of company stock valued at $529,309 over the last quarter. Company insiders own 2.90% of the company’s stock.
Several large investors have recently made changes to their positions in HCA. Envestnet Asset Management Inc. increased its holdings in shares of HCA Holdings by 43.6% during the first quarter. Envestnet Asset Management Inc. now owns 10,985 shares of the company’s stock worth $976,000 after buying an additional 3,336 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of HCA Holdings during the first quarter worth $8,528,000. Principal Financial Group Inc. increased its holdings in shares of HCA Holdings by 7.8% during the first quarter. Principal Financial Group Inc. now owns 466,551 shares of the company’s stock worth $41,518,000 after buying an additional 33,810 shares in the last quarter. FMR LLC increased its holdings in shares of HCA Holdings by 15.8% during the first quarter. FMR LLC now owns 7,763,884 shares of the company’s stock worth $690,908,000 after buying an additional 1,059,925 shares in the last quarter. Finally, Peak Asset Management LLC acquired a new position in shares of HCA Holdings during the first quarter worth $201,000. Institutional investors own 73.77% 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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