HCA Holdings Inc. (HCA) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of HCA Holdings Inc. (NYSE:HCA) from a hold rating to a buy rating in a report published on Tuesday morning. They currently have $92.00 price objective 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. “
A number of other equities research analysts have also recently commented on HCA. Jefferies Group reissued a buy rating on shares of HCA Holdings in a research note on Wednesday, August 10th. Credit Suisse Group AG reaffirmed a buy rating on shares of HCA Holdings in a research note on Tuesday, June 28th. Mizuho reaffirmed a buy rating and set a $97.00 price target (down from $102.00) on shares of HCA Holdings in a research note on Friday, July 29th. Evercore ISI started coverage on shares of HCA Holdings in a research note on Thursday, September 22nd. They set a hold rating and a $89.00 price target on the stock. Finally, Citigroup Inc. decreased 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 note on Friday, July 29th. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $87.34.
Shares of HCA Holdings (NYSE:HCA) opened at 82.02 on Tuesday. HCA Holdings has a 1-year low of $60.07 and a 1-year 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 stock has a 50 day moving average of $76.28 and a 200-day moving average of $77.68.
HCA Holdings (NYSE:HCA) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.10. The firm had revenue of $10.32 billion for the quarter, compared to analysts’ expectations of $10.49 billion. HCA Holdings had a net margin of 5.75% and a negative return on equity of 42.19%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.37 EPS. Equities research analysts predict that HCA Holdings will post $6.58 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of HCA. NN Investment Partners Holdings N.V. acquired a new position in HCA Holdings during the first quarter valued at $148,000. 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 period. Meeder Asset Management Inc. acquired a new position in HCA Holdings during the first quarter valued at $317,000. Lazard Asset Management LLC increased its position in HCA Holdings by 11.8% in the first quarter. Lazard Asset Management LLC now owns 288,564 shares of the company’s stock valued at $22,521,000 after buying an additional 30,360 shares during the period. Finally, AXA increased its position in HCA Holdings by 135.4% in the first quarter. AXA now owns 1,324,720 shares of the company’s stock valued at $103,394,000 after buying an additional 761,920 shares during the period. Hedge funds and other institutional investors own 72.82% of the company’s stock.
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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