HCA Holdings, Inc. (HCA) Stock Rating Reaffirmed by Piper Jaffray Companies
HCA Holdings, Inc. (NYSE:HCA)‘s stock had its “buy” rating restated by equities researchers at Piper Jaffray Companies in a research report issued to clients and investors on Wednesday. They currently have a $92.00 price target on the stock. Piper Jaffray Companies’ price objective suggests a potential upside of 15.75% from the company’s current price.
Several other research firms have also issued reports on HCA. ValuEngine raised shares of HCA Holdings from a “hold” rating to a “buy” rating in a research note on Monday. BidaskClub cut shares of HCA Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded shares of HCA Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. KeyCorp reissued a “buy” rating and set a $95.00 target price on shares of HCA Holdings in a research report on Thursday, September 7th. Finally, Citigroup Inc. cut their target price on HCA Holdings from $89.00 to $87.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. HCA Holdings presently has a consensus rating of “Buy” and an average target price of $93.56.
HCA Holdings (NYSE:HCA) opened at 79.48 on Wednesday. The stock has a 50 day moving average of $78.33 and a 200-day moving average of $82.77. HCA Holdings has a 52 week low of $67.00 and a 52 week high of $91.03. The stock has a market cap of $28.71 billion, a P/E ratio of 10.65 and a beta of 0.62.
HCA Holdings (NYSE:HCA) last posted its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.05). The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.76 billion. HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. HCA Holdings’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 earnings per share. Analysts forecast that HCA Holdings will post $7.18 earnings per share for the current year.
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In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $79.87, for a total value of $171,720.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 6,450 shares of company stock worth $529,309 in the last ninety days. 2.90% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of HCA Holdings by 14.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,163 shares of the company’s stock valued at $101,000 after buying an additional 143 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of HCA Holdings by 35.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,232 shares of the company’s stock valued at $107,000 after buying an additional 320 shares during the period. Atlantic Trust LLC bought a new stake in shares of HCA Holdings in the second quarter valued at about $118,000. Lee Financial Co bought a new stake in shares of HCA Holdings in the second quarter valued at about $125,000. Finally, Acrospire Investment Management LLC lifted its stake in shares of HCA Holdings by 14.3% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the company’s stock valued at $140,000 after buying an additional 200 shares during the period. Institutional investors own 73.77% of the company’s stock.
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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