Envision Healthcare Corporation (NYSE:EVHC) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $49.37 and last traded at $49.39, with a volume of 1,028,809 shares. The stock had previously closed at $50.93.

Several equities research analysts recently issued reports on the company. Jefferies Group LLC set a $71.00 price objective on Envision Healthcare Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. BidaskClub cut Envision Healthcare Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded Envision Healthcare Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Mizuho lowered their price objective on Envision Healthcare Corporation from $65.00 to $57.00 and set a “neutral” rating on the stock in a report on Wednesday, August 9th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Envision Healthcare Corporation in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $71.56.

The firm has a 50-day moving average of $53.74 and a 200 day moving average of $58.71. The company’s market cap is $5.68 billion.

Envision Healthcare Corporation (NYSE:EVHC) last issued its earnings results on Monday, August 7th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. Envision Healthcare Corporation had a negative net margin of 7.35% and a positive return on equity of 5.35%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was up 156.7% compared to the same quarter last year. On average, equities analysts predict that Envision Healthcare Corporation will post $1.40 earnings per share for the current year.

In other news, insider Robert Jon Coward sold 1,500 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $62.69, for a total value of $94,035.00. Following the sale, the insider now directly owns 97,863 shares in the company, valued at $6,135,031.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in EVHC. BlackRock Inc. grew its position in shares of Envision Healthcare Corporation by 3,895.0% in the first quarter. BlackRock Inc. now owns 7,197,631 shares of the company’s stock valued at $441,359,000 after purchasing an additional 7,017,467 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Envision Healthcare Corporation by 36,086.8% in the second quarter. Janus Henderson Group PLC now owns 3,945,087 shares of the company’s stock valued at $247,239,000 after purchasing an additional 3,934,185 shares during the last quarter. Maverick Capital Ltd. grew its position in shares of Envision Healthcare Corporation by 66.2% in the second quarter. Maverick Capital Ltd. now owns 5,093,292 shares of the company’s stock valued at $319,197,000 after purchasing an additional 2,028,026 shares during the last quarter. Janus Capital Management LLC grew its position in shares of Envision Healthcare Corporation by 63.7% in the first quarter. Janus Capital Management LLC now owns 2,712,066 shares of the company’s stock valued at $167,536,000 after purchasing an additional 1,055,014 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its position in shares of Envision Healthcare Corporation by 259.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,321,328 shares of the company’s stock valued at $82,808,000 after purchasing an additional 953,928 shares during the last quarter. Institutional investors and hedge funds own 64.75% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The original version of this article can be accessed at https://www.dailypolitical.com/2017/09/07/envision-healthcare-corporation-evhc-sets-new-1-year-low-at-49-37.html.

About Envision Healthcare Corporation

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.