Analysts Set HCA Holdings Inc (HCA) Target Price at $87.57
Shares of HCA Holdings Inc (NYSE:HCA) have received an average recommendation of “Buy” from the twenty-two brokerages that are currently covering the stock. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $87.57.
Several brokerages have issued reports on HCA. Zacks Investment Research downgraded shares of HCA Holdings from a “buy” rating to a “hold” rating in a research report on Friday, January 6th. Piper Jaffray Companies began coverage on shares of HCA Holdings in a research report on Wednesday, January 4th. They set an “overweight” rating and a $81.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $98.00 price objective (up from $95.00) on shares of HCA Holdings in a research report on Wednesday, February 1st. Evercore ISI raised their price objective on shares of HCA Holdings to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, January 31st. Finally, Avondale Partners upgraded shares of HCA Holdings from a “market perform” rating to an “outperform” rating and set a $96.00 price objective for the company in a research report on Tuesday, January 17th.
Shares of HCA Holdings (NYSE:HCA) opened at 83.92 on Tuesday. The company has a market capitalization of $31.06 billion, a price-to-earnings ratio of 11.50 and a beta of 0.71. The company’s 50-day moving average price is $84.68 and its 200-day moving average price is $78.03. HCA Holdings has a 52-week low of $67.00 and a 52-week high of $88.62.
HCA Holdings (NYSE:HCA) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.10. The firm earned $10.64 billion during the quarter, compared to the consensus estimate of $10.67 billion. HCA Holdings had a net margin of 6.84% and a negative return on equity of 44.79%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $1.69 earnings per share. Equities research analysts forecast that HCA Holdings will post $7.35 EPS for the current fiscal year.
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In other HCA Holdings news, insider Charles J. Hall sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $82.38, for a total transaction of $8,238,000.00. Following the completion of the transaction, the insider now directly owns 92,519 shares in the company, valued at $7,621,715.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael S. Cuffe sold 2,150 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $80.00, for a total transaction of $172,000.00. Following the transaction, the insider now owns 9,736 shares of the company’s stock, valued at $778,880. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 245,888 shares of company stock valued at $20,379,533. Company insiders own 3.10% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Trust N.A. purchased a new position in shares of HCA Holdings during the third quarter valued at approximately $202,000. Oliver Luxxe Assets LLC increased its position in shares of HCA Holdings by 17.6% in the third quarter. Oliver Luxxe Assets LLC now owns 11,725 shares of the company’s stock valued at $887,000 after buying an additional 1,754 shares in the last quarter. First Mercantile Trust Co. purchased a new position in shares of HCA Holdings during the third quarter valued at approximately $147,000. Bremer Trust National Association increased its position in shares of HCA Holdings by 574.0% in the third quarter. Bremer Trust National Association now owns 20,933 shares of the company’s stock valued at $1,583,000 after buying an additional 17,827 shares in the last quarter. Finally, Williams Jones & Associates LLC purchased a new position in shares of HCA Holdings during the second quarter valued at approximately $5,286,000. Institutional investors and hedge funds own 72.27% of the company’s stock.
HCA Holdings Company Profile
HCA Holdings, Inc is a healthcare services company. The Company’s segment is operating hospitals and related healthcare entities. The Company operates approximately 168 hospitals, consisting of 164 general, acute care hospitals; three psychiatric hospitals, and one rehabilitation hospital. In addition, the Company operates approximately 116 freestanding surgery centers.
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