HCA Holdings, Inc. (HCA) Stock Rating Reaffirmed by Cantor Fitzgerald
Cantor Fitzgerald restated their buy rating on shares of HCA Holdings, Inc. (NYSE:HCA) in a research note issued to investors on Tuesday. They currently have a $90.00 price objective on the stock. Cantor Fitzgerald also issued estimates for HCA Holdings’ FY2018 earnings at $7.60 EPS.
“3Q17 results. Although there were no changes to last week’s guidance, HCA announced an additional $2 billion stock repurchase authorization, bringing its total authorization at 10/31/17 to $2.150 billion. HCA reported 3Q17 EPS of $1.53 (vs. $1.56 FactSet consensus) and EBITDA of $1,966 million (vs. $1,972 million) before unusual costs associated with hurricanes Harvey and Irma that totaled $140 million ($0.24 per share) and a retrospective audit of the Texas Medicaid Waiver that cost $50 million ($0.08 per share).”,” Cantor Fitzgerald’s analyst commented.
HCA has been the topic of several other reports. Robert W. Baird reissued a buy rating on shares of HCA Holdings in a research note on Thursday, September 28th. Zacks Investment Research cut HCA Holdings from a buy rating to a hold rating in a research note on Friday, July 14th. Piper Jaffray Companies reaffirmed a buy rating and set a $92.00 target price on shares of HCA Holdings in a research note on Wednesday, October 4th. Raymond James Financial, Inc. cut HCA Holdings from a strong-buy rating to a market perform rating in a research note on Wednesday, October 18th. Finally, ValuEngine raised HCA Holdings from a hold rating to a buy rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $90.24.
HCA Holdings (NYSE:HCA) opened at $76.43 on Tuesday. 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 stock 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 issued its quarterly earnings data on Tuesday, October 31st. The company reported $1.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.21. HCA Holdings had a negative return on equity of 47.16% and a net margin of 6.13%. The company had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.70 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. equities analysts predict that HCA Holdings will post 6.62 earnings per share for the current fiscal year.
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HCA Holdings announced that its board has authorized a share repurchase program on Tuesday, October 31st that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of the company’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 sale, the insider now owns 12,476 shares in the company, valued at $973,128. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 6,450 shares of company stock valued at $511,163. 2.90% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Strs Ohio lifted its holdings in HCA Holdings by 12.2% during the third quarter. Strs Ohio now owns 1,075,778 shares of the company’s stock worth $85,621,000 after buying an additional 117,000 shares during the period. Accident Compensation Corp lifted its holdings in shares of HCA Holdings by 4.8% during the 2nd quarter. Accident Compensation Corp now owns 43,793 shares of the company’s stock valued at $3,819,000 after purchasing an additional 2,000 shares during the last quarter. Delta Lloyd Asset Management N.V. purchased a new stake in shares of HCA Holdings during the 2nd quarter valued at $3,823,000. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of HCA Holdings by 1,229.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 775,914 shares of the company’s stock valued at $59,753,000 after purchasing an additional 717,551 shares during the last quarter. Finally, CIBC World Markets Inc. lifted its holdings in shares of HCA Holdings by 20.2% during the 2nd quarter. CIBC World Markets Inc. now owns 279,121 shares of the company’s stock valued at $24,339,000 after purchasing an additional 46,953 shares during the last quarter. Institutional investors own 74.65% of the company’s stock.
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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