Envision Healthcare Holdings Inc. (EVHC) Downgraded to “Sell” at Zacks Investment Research
Envision Healthcare Holdings Inc. (NYSE:EVHC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
According to Zacks, “Envision Healthcare Holdings, Inc. engages in providing physician-led, outsourced medical services primarily in the United States. The Company, through its subsidiaries, provides medical services and solutions, including emergency, anesthesiology, hospitalist/inpatient care, radiology, tele-radiology and surgery. It offers an array of healthcare-related services to consumers, hospitals, healthcare systems, health plans and local, state and national government entities. Envision Healthcare Holdings, Inc. is headquartered in Greenwood Village, Colorado. “
Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Co. raised Envision Healthcare Holdings from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 2nd. They noted that the move was a valuation call. Citigroup Inc. raised Envision Healthcare Holdings from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $27.00 to $26.00 in a research note on Monday, September 26th. Cantor Fitzgerald reissued a “buy” rating and issued a $31.00 price objective on shares of Envision Healthcare Holdings in a research note on Thursday, September 8th. Jefferies Group reissued a “buy” rating on shares of Envision Healthcare Holdings in a research note on Tuesday, September 6th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $32.00 price objective on shares of Envision Healthcare Holdings in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Envision Healthcare Holdings currently has an average rating of “Buy” and an average target price of $29.82.
Envision Healthcare Holdings (NYSE:EVHC) traded up 0.91% on Friday, hitting $22.12. The company had a trading volume of 513,744 shares. Envision Healthcare Holdings has a one year low of $18.31 and a one year high of $28.47. The stock has a market capitalization of $4.14 billion, a PE ratio of 34.56 and a beta of 0.49. The stock has a 50 day moving average of $21.41 and a 200-day moving average of $23.13.
Envision Healthcare Holdings (NYSE:EVHC) last released its earnings results on Tuesday, November 1st. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Envision Healthcare Holdings had a return on equity of 11.96% and a net margin of 1.93%. The business earned $1.64 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the firm posted $0.30 earnings per share. The firm’s revenue was up 19.8% on a year-over-year basis. Equities analysts anticipate that Envision Healthcare Holdings will post $1.39 EPS for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the company. IBM Retirement Fund increased its stake in Envision Healthcare Holdings by 0.4% in the second quarter. IBM Retirement Fund now owns 18,798 shares of the company’s stock worth $477,000 after buying an additional 68 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Envision Healthcare Holdings by 1.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,559 shares of the company’s stock worth $318,000 after buying an additional 162 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Envision Healthcare Holdings by 1.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,872 shares of the company’s stock worth $598,000 after buying an additional 402 shares in the last quarter. Pacer Advisors Inc. increased its stake in Envision Healthcare Holdings by 7.4% in the third quarter. Pacer Advisors Inc. now owns 7,045 shares of the company’s stock worth $157,000 after buying an additional 484 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Envision Healthcare Holdings by 9.8% in the second quarter. Nordea Investment Management AB now owns 5,457 shares of the company’s stock worth $138,000 after buying an additional 488 shares in the last quarter.
Envision Healthcare Holdings Company Profile
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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