Shares of Nobilis Health Corp (NYSE:HLTH) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus target price of $5.25 for the company and are anticipating that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also given Nobilis Health Corp an industry rank of 91 out of 265 based on the ratings given to its competitors.

Several research analysts recently weighed in on HLTH shares. Zacks Investment Research upgraded shares of Nobilis Health Corp from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a report on Monday, August 22nd. Canaccord Genuity started coverage on shares of Nobilis Health Corp in a report on Wednesday, July 13th. They set a “buy” rating on the stock.

A number of hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in shares of Nobilis Health Corp by 70.3% in the second quarter. California State Teachers Retirement System now owns 116,338 shares of the company’s stock valued at $259,000 after buying an additional 48,016 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Nobilis Health Corp by 67.9% in the second quarter. Bank of New York Mellon Corp now owns 111,448 shares of the company’s stock valued at $248,000 after buying an additional 45,088 shares during the period. CIBC World Markets Inc. raised its stake in Nobilis Health Corp by 16.5% in the second quarter. CIBC World Markets Inc. now owns 382,683 shares of the company’s stock valued at $853,000 after buying an additional 54,237 shares during the period. Summit Creek Advisors LLC raised its stake in Nobilis Health Corp by 23.7% in the second quarter. Summit Creek Advisors LLC now owns 1,558,976 shares of the company’s stock valued at $3,477,000 after buying an additional 298,955 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Nobilis Health Corp during the second quarter valued at about $165,000.

Shares of Nobilis Health Corp (NYSE:HLTH) opened at 3.50 on Tuesday. The company’s 50 day moving average is $3.29 and its 200 day moving average is $3.11. Nobilis Health Corp has a 52-week low of $1.82 and a 52-week high of $5.95. The firm has a market cap of $268.73 million and a price-to-earnings ratio of 5.14.

Nobilis Health Corp (NYSE:HLTH) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. The firm had revenue of $61.90 million for the quarter, compared to analysts’ expectations of $62.18 million. During the same quarter last year, the firm posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. Analysts anticipate that Nobilis Health Corp will post $0.32 earnings per share for the current year.

About Nobilis Health Corp

Nobilis Health Corp. (Nobilis) owns and manages healthcare facilities in the States of Texas and Arizona, consisting primarily of ambulatory surgery centers (ASCs) and acute-care and surgical hospitals. The Company’s segments include Medical Services, Marketing Services and Corporate. The Medical Services segment owns and manages approximately nine healthcare facilities in Texas and Arizona; over four hospitals, and approximately five ambulatory surgery centers.

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