HCA Holdings, Inc. (HCA) Price Target Cut to $88.00
HCA Holdings, Inc. (NYSE:HCA) had its price objective cut by Jefferies Group LLC from $90.00 to $88.00 in a research report report published on Wednesday. They currently have a buy rating on the stock. Jefferies Group also issued estimates for HCA Holdings’ FY2018 earnings at $7.20 EPS.
A number of other research firms have also weighed in on HCA. Zacks Investment Research lowered HCA Holdings from a buy rating to a hold rating in a report on Friday, July 14th. BidaskClub downgraded HCA Holdings from a hold rating to a sell rating in a research note on Monday, July 24th. Bank of America Corporation downgraded HCA Holdings from a buy rating to a neutral rating and reduced their price target for the company from $102.00 to $92.00 in a research note on Wednesday, July 26th. Morgan Stanley restated an equal weight rating and issued 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. reduced their price target on HCA Holdings from $89.00 to $87.00 and set a neutral rating for the company in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $90.24.
HCA Holdings (NYSE:HCA) opened at $76.43 on Wednesday. The company has a debt-to-equity ratio of -6.46, a quick ratio of 1.35 and a current ratio of 1.68. The firm has a market capitalization of $27,610.34, a P/E ratio of 11.60, a P/E/G ratio of 1.11 and a beta of 0.50. HCA Holdings has a 1-year low of $67.00 and a 1-year high of $91.03.
HCA Holdings (NYSE:HCA) last posted its earnings results on Tuesday, October 31st. The company reported $1.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.21. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.70 billion. HCA Holdings had a negative return on equity of 47.16% and a net margin of 6.13%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. analysts anticipate that HCA Holdings will post 6.55 earnings per share for the current fiscal year.
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HCA Holdings declared that its board has approved a share repurchase program on Tuesday, October 31st that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other news, insider Michael S. Cuffe sold 2,150 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $78.00, for a total transaction of $167,700.00. Following the completion of the transaction, the insider now owns 12,476 shares of the company’s stock, valued at approximately $973,128. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 6,450 shares of company stock valued at $511,163 in the last three months. 2.90% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in shares of HCA Holdings by 0.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,174 shares of the company’s stock worth $277,000 after buying an additional 14 shares in the last quarter. Advisor Partners LLC increased its holdings in HCA Holdings by 0.3% in the 2nd quarter. Advisor Partners LLC now owns 4,732 shares of the company’s stock worth $413,000 after purchasing an additional 14 shares in the last quarter. Wetherby Asset Management Inc. increased its holdings in HCA Holdings by 0.6% in the 2nd quarter. Wetherby Asset Management Inc. now owns 4,232 shares of the company’s stock worth $369,000 after purchasing an additional 25 shares in the last quarter. Argent Capital Management LLC increased its holdings in HCA Holdings by 1.2% in the 2nd quarter. Argent Capital Management LLC now owns 4,370 shares of the company’s stock worth $381,000 after purchasing an additional 50 shares in the last quarter. Finally, Wedbush Securities Inc. increased its holdings in HCA Holdings by 1.5% in the 2nd quarter. Wedbush Securities Inc. now owns 6,028 shares of the company’s stock worth $526,000 after purchasing an additional 88 shares in the last quarter. 74.65% of the stock is owned by 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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