Envision Healthcare Co. (EVHC) to Post FY2017 Earnings of $2.52 Per Share, Jefferies Group Forecasts

Envision Healthcare Co. (NYSE:EVHC) – Research analysts at Jefferies Group increased their FY2017 earnings per share (EPS) estimates for Envision Healthcare in a research report issued on Wednesday. Jefferies Group analyst B. Tanquilut now expects that the company will post earnings per share of $2.52 for the year, up from their prior forecast of $2.48. Jefferies Group has a “Buy” rating and a $46.00 price objective on the stock. Jefferies Group also issued estimates for Envision Healthcare’s Q4 2017 earnings at $0.49 EPS.

A number of other equities analysts have also recently weighed in on EVHC. SunTrust Banks set a $55.00 price target on shares of Envision Healthcare and gave the stock a “buy” rating in a research report on Sunday, October 15th. Robert W. Baird reissued a “buy” rating and set a $70.00 price target on shares of Envision Healthcare in a research report on Tuesday, October 17th. Cantor Fitzgerald cut shares of Envision Healthcare from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Wednesday, November 1st. KeyCorp set a $67.00 price target on shares of Envision Healthcare and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Mizuho set a $57.00 price target on shares of Envision Healthcare and gave the stock a “hold” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $41.83.

Envision Healthcare (NYSE EVHC) opened at $36.85 on Monday. The firm has a market cap of $4,454.76, a price-to-earnings ratio of -7.37, a PEG ratio of 0.95 and a beta of 0.58. Envision Healthcare has a 52-week low of $23.77 and a 52-week high of $73.00. The company has a current ratio of 3.01, a quick ratio of 3.00 and a debt-to-equity ratio of 0.89.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in shares of Envision Healthcare by 6.5% during the fourth quarter. BlackRock Inc. now owns 8,028,329 shares of the company’s stock worth $277,462,000 after acquiring an additional 487,314 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Envision Healthcare by 0.3% during the third quarter. Janus Henderson Group PLC now owns 3,958,329 shares of the company’s stock worth $177,927,000 after acquiring an additional 13,242 shares during the period. OZ Management LP acquired a new stake in shares of Envision Healthcare during the third quarter worth $131,987,000. Dimensional Fund Advisors LP raised its holdings in shares of Envision Healthcare by 21.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,986,612 shares of the company’s stock worth $89,289,000 after acquiring an additional 352,654 shares during the period. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Envision Healthcare by 259.6% during the second quarter. Lord Abbett & CO. LLC now owns 1,321,328 shares of the company’s stock worth $82,808,000 after acquiring an additional 953,928 shares during the period.

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About Envision Healthcare

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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