Robert W. Baird Reiterates Buy Rating for HealthSouth Corporation (HLS)
Robert W. Baird reaffirmed their buy rating on shares of HealthSouth Corporation (NYSE:HLS) in a research report sent to investors on Monday. Robert W. Baird currently has a $55.00 target price on the stock.
HLS has been the subject of several other research reports. KeyCorp initiated coverage on HealthSouth Corporation in a research report on Thursday, June 15th. They set a sector weight rating for the company. ValuEngine downgraded HealthSouth Corporation from a buy rating to a hold rating in a research report on Friday, September 1st. Zacks Investment Research downgraded HealthSouth Corporation from a buy rating to a hold rating in a research report on Tuesday, August 15th. BidaskClub upgraded HealthSouth Corporation from a sell rating to a hold rating in a research report on Saturday, June 17th. Finally, Royal Bank Of Canada restated a buy rating and set a $53.00 target price on shares of HealthSouth Corporation in a research report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $50.38.
Shares of HealthSouth Corporation (NYSE HLS) opened at 45.00 on Monday. The firm has a 50-day moving average price of $45.14 and a 200 day moving average price of $45.33. HealthSouth Corporation has a 12 month low of $36.97 and a 12 month high of $49.71. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 16.40 and a beta of 0.58.
HealthSouth Corporation (NYSE:HLS) last posted its earnings results on Monday, July 31st. The company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business had revenue of $981.30 million during the quarter, compared to the consensus estimate of $976.46 million. HealthSouth Corporation had a return on equity of 25.07% and a net margin of 6.70%. HealthSouth Corporation’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. On average, analysts anticipate that HealthSouth Corporation will post $2.71 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a $0.25 dividend. This is an increase from HealthSouth Corporation’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.00 annualized dividend and a yield of 2.20%. HealthSouth Corporation’s payout ratio is presently 36.76%.
In other HealthSouth Corporation news, CEO Mark J. Tarr sold 22,625 shares of HealthSouth Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $43.00, for a total value of $972,875.00. Following the completion of the transaction, the chief executive officer now owns 283,134 shares in the company, valued at approximately $12,174,762. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas raised its position in HealthSouth Corporation by 0.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,117 shares of the company’s stock valued at $344,000 after purchasing an additional 48 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of HealthSouth Corporation by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,072 shares of the company’s stock worth $633,000 after acquiring an additional 64 shares during the last quarter. NGAM Advisors L.P. raised its position in shares of HealthSouth Corporation by 1.4% during the second quarter. NGAM Advisors L.P. now owns 10,448 shares of the company’s stock worth $506,000 after acquiring an additional 142 shares during the last quarter. Renaissance Group LLC raised its position in shares of HealthSouth Corporation by 1.9% during the second quarter. Renaissance Group LLC now owns 8,288 shares of the company’s stock worth $401,000 after acquiring an additional 152 shares during the last quarter. Finally, World Asset Management Inc raised its position in shares of HealthSouth Corporation by 3.9% during the second quarter. World Asset Management Inc now owns 5,702 shares of the company’s stock worth $276,000 after acquiring an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 93.05% of the company’s stock.
About HealthSouth Corporation
HealthSouth Corporation (HealthSouth) is a provider of post-acute healthcare services, offering both facility-based and home-based post-acute services in 35 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The Company manages its operations through segments, including inpatient rehabilitation, and home health and hospice.
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