HCA Holdings’ (HCA) “Buy” Rating Reiterated at Piper Jaffray Companies
Piper Jaffray Companies reaffirmed their buy rating on shares of HCA Holdings, Inc. (NYSE:HCA) in a research note issued to investors on Wednesday morning. They currently have a $82.00 price objective on the stock.
Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of HCA Holdings from a hold rating to a sell rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of HCA Holdings from a hold rating to a sell rating in a research note on Thursday, July 27th. Bank of America Corporation downgraded shares of HCA Holdings from a buy rating to a neutral rating and decreased their price target for the stock from $102.00 to $92.00 in a research note on Wednesday, July 26th. Morgan Stanley reissued an equal weight rating and set a $88.00 price target (down from $90.00) on shares of HCA Holdings in a research note on Wednesday, July 26th. Finally, Citigroup Inc decreased their price target on shares of HCA Holdings from $89.00 to $87.00 and set a neutral rating on the stock in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $90.24.
Shares of HCA Holdings (NYSE HCA) traded down $0.40 during midday trading on Wednesday, hitting $76.43. The stock had a trading volume of 2,124,505 shares, compared to its average volume of 3,379,025. The company has a debt-to-equity ratio of -6.46, a current ratio of 1.68 and a quick ratio of 1.35. The firm has a market capitalization of $27.61 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 1.11 and a beta of 0.50.
HCA Holdings (NYSE:HCA) last released its quarterly earnings data on Tuesday, October 31st. The company reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. HCA Holdings had a net margin of 6.13% and a negative return on equity of 47.16%. The company had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.70 billion. During the same period last year, the business earned $1.45 earnings per share. HCA Holdings’s revenue was up 4.1% compared to the same quarter last year. equities research analysts predict that HCA Holdings will post 6.62 earnings per share for the current fiscal year.
HCA Holdings announced that its board has authorized a stock buyback plan on Tuesday, October 31st that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $78.00, for a total value of $167,700.00. Following the sale, the insider now owns 12,476 shares in the company, valued at $973,128. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 6,450 shares of company stock worth $511,163. Insiders own 2.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of HCA. Dimensional Fund Advisors LP grew its position in shares of HCA Holdings by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 518,454 shares of the company’s stock worth $46,138,000 after buying an additional 10,371 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in HCA Holdings during the first quarter valued at about $214,000. Public Employees Retirement System of Ohio boosted its position in HCA Holdings by 1.3% during the first quarter. Public Employees Retirement System of Ohio now owns 230,181 shares of the company’s stock valued at $20,484,000 after purchasing an additional 2,964 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in HCA Holdings by 3.4% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,879,019 shares of the company’s stock valued at $167,214,000 after purchasing an additional 62,325 shares in the last quarter. Finally, Piedmont Investment Advisors LLC boosted its position in HCA Holdings by 1.2% during the first quarter. Piedmont Investment Advisors LLC now owns 96,273 shares of the company’s stock valued at $8,567,000 after purchasing an additional 1,108 shares in the last quarter. 74.65% of the stock is currently owned by institutional investors and hedge funds.
About HCA Holdings
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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