Zacks Investment Research upgraded shares of HCA Holdings Inc. (NYSE:HCA) from a hold rating to a buy rating in a research note issued to investors on Tuesday. Zacks Investment Research currently has $92.00 target price on the stock.
According to Zacks, “HCA Inc. is a non-governmental hospital in the U.S. providing health care and related services. The Company operates a network of acute care hospitals, outpatient facilities, clinics and other patient care delivery settings. The Company also owns and manages freestanding surgery centers, diagnostic and imaging centers, radiation and oncology therapy centers, rehabilitation and physical therapy centers, and various other facilities. HCA Inc. is headquartered in Nashville, Tennessee. “
Several other equities research analysts have also recently commented on HCA. Mizuho reiterated a buy rating and issued a $102.00 price target on shares of HCA Holdings in a research report on Thursday, July 14th. JPMorgan Chase & Co. cut shares of HCA Holdings from an overweight rating to a neutral rating and set a $85.00 price target on the stock. in a research report on Friday, July 29th. Citigroup Inc. dropped their price target on shares of HCA Holdings from $86.00 to $85.00 and set a neutral rating on the stock in a research report on Friday, July 29th. Credit Suisse Group AG reiterated a buy rating and issued a $87.00 price target on shares of HCA Holdings in a research report on Friday, July 29th. Finally, KeyCorp upgraded shares of HCA Holdings from a sector weight rating to an overweight rating and set a $94.00 price target on the stock in a research report on Thursday, October 13th. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. HCA Holdings presently has a consensus rating of Buy and a consensus target price of $87.34.
HCA Holdings (NYSE:HCA) opened at 82.02 on Tuesday. HCA Holdings has a 12-month low of $60.07 and a 12-month high of $83.69. The stock has a market capitalization of $31.06 billion, a P/E ratio of 14.21 and a beta of 0.89. The firm’s 50-day moving average is $76.28 and its 200 day moving average is $77.68.
HCA Holdings (NYSE:HCA) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.10. The business earned $10.32 billion during the quarter, compared to the consensus estimate of $10.49 billion. HCA Holdings had a net margin of 5.75% and a negative return on equity of 42.19%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share. Equities research analysts anticipate that HCA Holdings will post $6.58 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC increased its position in shares of HCA Holdings by 35.7% in the second quarter. Acrospire Investment Management LLC now owns 1,900 shares of the company’s stock valued at $146,000 after buying an additional 500 shares in the last quarter. First Mercantile Trust Co. purchased a new position in shares of HCA Holdings during the third quarter valued at $147,000. NN Investment Partners Holdings N.V. purchased a new position in shares of HCA Holdings during the first quarter valued at $148,000. Invictus RG increased its position in shares of HCA Holdings by 21.9% in the first quarter. Invictus RG now owns 2,156 shares of the company’s stock valued at $168,000 after buying an additional 388 shares in the last quarter. Finally, Raymond James Trust N.A. purchased a new position in shares of HCA Holdings during the third quarter valued at $202,000. 72.82% of the stock is owned by institutional investors.
HCA Holdings Company Profile
HCA Holdings, Inc is a healthcare services company. The Company’s segment is operating hospitals and related healthcare entities. The Company operates approximately 168 hospitals, consisting of 164 general, acute care hospitals; three psychiatric hospitals, and one rehabilitation hospital. In addition, the Company operates approximately 116 freestanding surgery centers.
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