Zacks Investment Research lowered shares of Envision Healthcare Holdings Inc. (NYSE:EVHC) from a hold rating to a sell rating in a research note released on Friday.

According to Zacks, “Envision Healthcare Holdings, Inc. engages in providing physician-led, outsourced medical services primarily in the United States. The Company, through its subsidiaries, provides medical services and solutions, including emergency, anesthesiology, hospitalist/inpatient care, radiology, tele-radiology and surgery. It offers an array of healthcare-related services to consumers, hospitals, healthcare systems, health plans and local, state and national government entities. Envision Healthcare Holdings, Inc. is headquartered in Greenwood Village, Colorado. “

Several other research firms also recently weighed in on EVHC. Cantor Fitzgerald reiterated a buy rating and set a $31.00 price target on shares of Envision Healthcare Holdings in a research note on Thursday, September 8th. Citigroup Inc. raised Envision Healthcare Holdings from a neutral rating to a buy rating and decreased their price objective for the company from $27.00 to $26.00 in a report on Monday, September 26th. Canaccord Genuity reissued a buy rating and issued a $32.00 price objective on shares of Envision Healthcare Holdings in a report on Friday, August 5th. Jefferies Group reissued a buy rating on shares of Envision Healthcare Holdings in a report on Tuesday, September 6th. Finally, Wells Fargo & Co. raised Envision Healthcare Holdings from a market perform rating to an outperform rating in a report on Wednesday, November 2nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Envision Healthcare Holdings currently has an average rating of Buy and an average target price of $29.82.

Analyst Recommendations for Envision Healthcare Holdings (NYSE:EVHC)

Envision Healthcare Holdings (NYSE:EVHC) opened at 22.72 on Friday. Envision Healthcare Holdings has a 12-month low of $18.31 and a 12-month high of $28.47. The firm’s 50-day moving average price is $21.38 and its 200 day moving average price is $23.10. The stock has a market cap of $4.26 billion, a PE ratio of 35.50 and a beta of 0.49.

Envision Healthcare Holdings (NYSE:EVHC) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.67 billion. Envision Healthcare Holdings had a return on equity of 11.96% and a net margin of 1.93%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. Analysts anticipate that Envision Healthcare Holdings will post $1.39 EPS for the current year.

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Large investors have recently bought and sold shares of the stock. Bank of Montreal Can bought a new stake in Envision Healthcare Holdings during the second quarter worth about $2,118,000. Daiwa Securities Group Inc. raised its stake in Envision Healthcare Holdings by 11.9% in the second quarter. Daiwa Securities Group Inc. now owns 4,700 shares of the company’s stock worth $119,000 after buying an additional 500 shares during the period. LS Investment Advisors LLC raised its stake in Envision Healthcare Holdings by 23.8% in the second quarter. LS Investment Advisors LLC now owns 5,066 shares of the company’s stock worth $129,000 after buying an additional 974 shares during the period. Prescott Group Capital Management L.L.C. raised its stake in Envision Healthcare Holdings by 139.1% in the second quarter. Prescott Group Capital Management L.L.C. now owns 137,500 shares of the company’s stock worth $3,488,000 after buying an additional 80,000 shares during the period. Finally, IBM Retirement Fund raised its stake in Envision Healthcare Holdings by 0.4% in the second quarter. IBM Retirement Fund now owns 18,798 shares of the company’s stock worth $477,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 99.89% of the company’s stock.

Envision Healthcare Holdings Company Profile

Envision Healthcare Holdings, Inc, formerly CDRT Holding Corporation, is a holding company. The Company, through its subsidiary, provides physician-led medical services in the United States. It operates in two segments: EmCare Holdings, Inc (EmCare) and American Medical Response, Inc (AMR). Its EmCare segment is a provider of integrated facility-based and post-acute care physician services to healthcare facilities in the United States.

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