Cantor Fitzgerald Reaffirms “Buy” Rating for HCA Holdings, Inc. (HCA)
Cantor Fitzgerald restated their buy rating on shares of HCA Holdings, Inc. (NYSE:HCA) in a research report sent to investors on Friday morning. The brokerage currently has a $95.00 price objective on the stock.
Other analysts have also recently issued research reports about the company. BidaskClub cut HCA Holdings from a hold rating to a sell rating in a research report on Monday, July 24th. Zacks Investment Research cut HCA Holdings from a hold rating to a sell rating in a report on Thursday, July 27th. Bank of America Corporation cut HCA Holdings from a buy rating to a neutral rating and lowered their price target for the company from $102.00 to $92.00 in a report on Wednesday, July 26th. Morgan Stanley restated an equal weight rating and issued a $88.00 price target (down previously from $90.00) on shares of HCA Holdings in a report on Wednesday, July 26th. Finally, Citigroup Inc. lowered their price target on HCA Holdings from $89.00 to $87.00 and set a neutral rating for the company in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $92.94.
Shares of HCA Holdings (HCA) opened at 75.19 on Friday. HCA Holdings has a 12-month low of $67.00 and a 12-month high of $91.03. The stock has a market cap of $27.16 billion, a price-to-earnings ratio of 10.08 and a beta of 0.62. The stock’s 50 day moving average is $77.65 and its 200-day moving average is $82.18.
HCA Holdings (NYSE:HCA) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The company had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.76 billion. HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 EPS. Equities analysts anticipate that HCA Holdings will post $7.12 EPS for the current fiscal year.
In related news, insider Michael S. Cuffe sold 2,150 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $79.87, for a total transaction of $171,720.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in HCA Holdings by 2,549.4% during the 1st quarter. BlackRock Inc. now owns 20,099,811 shares of the company’s stock worth $1,788,682,000 after acquiring an additional 19,341,168 shares in the last quarter. Vanguard Group Inc. lifted its position in HCA Holdings by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 19,718,250 shares of the company’s stock worth $1,719,431,000 after acquiring an additional 141,258 shares in the last quarter. Glenview Capital Management LLC lifted its position in HCA Holdings by 2.6% during the 2nd quarter. Glenview Capital Management LLC now owns 14,899,289 shares of the company’s stock worth $1,299,218,000 after acquiring an additional 384,024 shares in the last quarter. State Street Corp lifted its position in HCA Holdings by 2.2% during the 1st quarter. State Street Corp now owns 13,217,212 shares of the company’s stock worth $1,176,199,000 after acquiring an additional 290,636 shares in the last quarter. Finally, Longview Partners Guernsey LTD lifted its position in HCA Holdings by 4.8% during the 2nd quarter. Longview Partners Guernsey LTD now owns 9,081,454 shares of the company’s stock worth $791,903,000 after acquiring an additional 414,598 shares in the last quarter. 73.76% of the stock is currently owned by hedge funds and other institutional investors.
HCA Holdings Company Profile
HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.
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