HCA Holdings Inc. (NYSE:HCA) was upgraded by equities researchers at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Thursday. The brokerage currently has a $94.00 price objective on the stock. KeyCorp’s price target would suggest a potential upside of 17.03% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $87.00 price target on shares of HCA Holdings in a research report on Friday, July 29th. Zacks Investment Research cut shares of HCA Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Jefferies Group reaffirmed a “buy” rating on shares of HCA Holdings in a research report on Wednesday, August 10th. Citigroup Inc. lowered their price target on shares of HCA Holdings from $86.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Finally, Mizuho reaffirmed a “buy” rating and issued a $97.00 price target (down previously from $102.00) on shares of HCA Holdings in a research report on Friday, July 29th. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. HCA Holdings currently has an average rating of “Buy” and a consensus price target of $87.20.
Shares of HCA Holdings (NYSE:HCA) opened at 80.32 on Thursday. The stock has a market cap of $30.41 billion, a PE ratio of 13.92 and a beta of 0.89. HCA Holdings has a one year low of $60.07 and a one year high of $83.69. The company has a 50-day moving average of $75.91 and a 200 day moving average of $77.65.
HCA Holdings (NYSE:HCA) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.10. HCA Holdings had a net margin of 5.75% and a negative return on equity of 42.19%. The company earned $10.32 billion during the quarter, compared to analysts’ expectations of $10.49 billion. During the same period in the previous year, the company earned $1.37 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts predict that HCA Holdings will post $6.58 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC bought a new position in HCA Holdings during the first quarter valued at about $109,000. NN Investment Partners Holdings N.V. bought a new position in HCA Holdings during the first quarter valued at about $148,000. Wexford Capital LP bought a new position in HCA Holdings during the first quarter valued at about $507,000. Canada Pension Plan Investment Board increased its position in HCA Holdings by 65.3% in the first quarter. Canada Pension Plan Investment Board now owns 467,808 shares of the company’s stock valued at $36,512,000 after buying an additional 184,800 shares during the last quarter. Finally, BB&T Securities LLC increased its position in HCA Holdings by 3.7% in the first quarter. BB&T Securities LLC now owns 527,027 shares of the company’s stock valued at $41,134,000 after buying an additional 18,643 shares during the last quarter. 72.82% of the stock is currently owned by institutional investors and hedge funds.
About HCA Holdings
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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