Halyard Health, Inc. (NYSE:HYH) shares shot up NaN during mid-day trading on Wednesday following a better than expected earnings announcement. The company traded as high as $50.99 and last traded at $0.00. 1,918,324 shares were traded during mid-day trading, an increase of Infinity from the average session volume of 0 shares. The medical instruments supplier reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.13. The business had revenue of $401.40 million during the quarter, compared to analysts’ expectations of $394.54 million. Halyard Health had a net margin of 3.52% and a return on equity of 8.65%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share.

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus restated 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 upgraded shares of Halyard Health from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Wednesday, July 12th. Deutsche Bank AG boosted their price target on shares of Halyard Health from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Stephens upgraded shares of Halyard Health from an “equal weight” rating to an “overweight” rating in a research report on Thursday, August 3rd. Finally, TheStreet lowered shares of Halyard Health from a “b-” rating to a “c+” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $42.25.

A number of institutional investors and hedge funds have recently bought and sold shares of HYH. Amalgamated Bank boosted its holdings in Halyard Health by 1.2% in the 2nd quarter. Amalgamated Bank now owns 6,655 shares of the medical instruments supplier’s stock valued at $261,000 after purchasing an additional 82 shares during the last quarter. Somerset Trust Co boosted its holdings in Halyard Health by 0.7% in the 2nd quarter. Somerset Trust Co now owns 12,618 shares of the medical instruments supplier’s stock valued at $495,000 after purchasing an additional 90 shares during the last quarter. Creative Planning boosted its holdings in Halyard Health by 3.9% in the 2nd quarter. Creative Planning now owns 5,901 shares of the medical instruments supplier’s stock valued at $232,000 after purchasing an additional 222 shares during the last quarter. Texas Permanent School Fund boosted its holdings in Halyard Health by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 34,074 shares of the medical instruments supplier’s stock valued at $1,338,000 after purchasing an additional 284 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its holdings in Halyard Health by 1.6% in the 2nd quarter. State Treasurer State of Michigan now owns 19,220 shares of the medical instruments supplier’s stock valued at $755,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

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Halyard Health Company Profile

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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