Halyard Health (HYH) Upgraded by TheStreet to “B”
Other research analysts have also recently issued reports about the stock. BidaskClub raised shares of Halyard Health from a hold rating to a buy rating in a research report on Saturday, August 19th. Stifel Nicolaus reissued a buy rating and set a $45.00 price target on shares of Halyard Health in a research report on Thursday, September 21st. Zacks Investment Research cut shares of Halyard Health from a buy rating to a sell rating in a research report on Wednesday, October 4th. KeyCorp reissued a hold rating on shares of Halyard Health in a research report on Tuesday, October 17th. Finally, ValuEngine raised shares of Halyard Health from a hold rating to a buy rating in a research report on Saturday, November 4th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $46.25.
Shares of Halyard Health (NYSE HYH) opened at $47.12 on Monday. Halyard Health has a 12-month low of $35.24 and a 12-month high of $50.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.13 and a quick ratio of 1.19. The company has a market cap of $2,210.00, a PE ratio of 22.68, a PEG ratio of 2.56 and a beta of 1.77.
Halyard Health (NYSE:HYH) last posted its earnings results on Wednesday, November 1st. The medical instruments supplier reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.13. Halyard Health had a net margin of 3.52% and a return on equity of 8.65%. The firm had revenue of $401.40 million during the quarter, compared to analysts’ expectations of $394.54 million. During the same period last year, the company posted $0.48 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. research analysts predict that Halyard Health will post 2.08 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AXA lifted its position in Halyard Health by 2.7% during the 3rd quarter. AXA now owns 142,800 shares of the medical instruments supplier’s stock valued at $6,430,000 after acquiring an additional 3,700 shares during the period. Public Employees Retirement System of Ohio lifted its position in Halyard Health by 374.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 25,328 shares of the medical instruments supplier’s stock valued at $1,141,000 after acquiring an additional 19,984 shares during the period. Pura Vida Investments LLC purchased a new position in Halyard Health during the 3rd quarter valued at about $3,377,000. Cubist Systematic Strategies LLC raised its holdings in Halyard Health by 1,913.0% in the third quarter. Cubist Systematic Strategies LLC now owns 18,801 shares of the medical instruments supplier’s stock worth $847,000 after buying an additional 17,867 shares during the last quarter. Finally, Patten Group Inc. raised its holdings in Halyard Health by 1,342.6% in the third quarter. Patten Group Inc. now owns 281,112 shares of the medical instruments supplier’s stock worth $877,000 after buying an additional 261,626 shares during the last quarter. 90.31% of the stock is owned by institutional investors.
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About Halyard Health
Halyard Health, Inc is a medical technology company. The Company operates through two segments: Medical Devices and Surgical and Infection Prevention (S&IP). The Medical Devices segment provides a portfolio of product offerings focused on pain management, respiratory and digestive health. The S&IP segment provides healthcare supplies and solutions that target the prevention of healthcare-associated infections.
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