Investment analysts at BMO Capital Markets started coverage on shares of HCA Holdings, Inc. (NYSE:HCA) in a report released on Monday, October 16th. The firm set an “outperform” rating and a $90.00 price target on the stock. BMO Capital Markets’ price target would indicate a potential upside of 17.05% from the company’s current price.
HCA has been the topic of a number of other reports. Argus assumed coverage on HCA Holdings in a research note on Wednesday, June 28th. They issued a “buy” rating and a $100.00 price target on the stock. Zacks Investment Research upgraded HCA Holdings from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Thursday, July 13th. BidaskClub downgraded HCA Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Bank of America Corporation downgraded HCA Holdings from a “buy” rating to a “neutral” rating and decreased their price target for the company from $102.00 to $92.00 in a research note on Wednesday, July 26th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $88.00 price target (down from $90.00) on shares of HCA Holdings in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. HCA Holdings has a consensus rating of “Buy” and an average target price of $91.25.
HCA Holdings (NYSE HCA) traded down 0.51% during midday trading on Monday, reaching $76.50. The company’s stock had a trading volume of 1,363,363 shares. HCA Holdings has a 12 month low of $67.00 and a 12 month high of $91.03. The stock’s 50-day moving average price is $77.78 and its 200-day moving average price is $81.66. The firm has a market capitalization of $27.64 billion, a price-to-earnings ratio of 10.25 and a beta of 0.62.
HCA Holdings (NYSE:HCA) last announced its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.05). HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. The company had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.76 billion. During the same quarter last year, the business posted $1.66 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts predict that HCA Holdings will post $6.76 EPS for the current year.
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In other news, insider Michael S. Cuffe sold 2,150 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $78.00, for a total value of $167,700.00. Following the completion of the transaction, the insider now directly owns 12,476 shares of the company’s stock, valued at $973,128. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 6,450 shares of company stock valued at $511,163. Insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HCA. BlackRock Inc. raised its holdings in shares of HCA Holdings by 2,549.4% in the first quarter. BlackRock Inc. now owns 20,099,811 shares of the company’s stock worth $1,788,682,000 after acquiring an additional 19,341,168 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of HCA Holdings by 141.4% in the third quarter. APG Asset Management N.V. now owns 3,423,381 shares of the company’s stock worth $272,467,000 after acquiring an additional 2,005,193 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of HCA Holdings by 1,500.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,579,382 shares of the company’s stock worth $125,703,000 after acquiring an additional 1,480,690 shares during the last quarter. Harbour Capital Advisors LLC grew its position in shares of HCA Holdings by 9,568.4% in the second quarter. Harbour Capital Advisors LLC now owns 915,600 shares of the company’s stock valued at $10,500,000 after purchasing an additional 906,130 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC grew its position in shares of HCA Holdings by 1,229.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 775,914 shares of the company’s stock valued at $59,753,000 after purchasing an additional 717,551 shares during the period. 73.72% of the stock is owned by institutional investors.
HCA Holdings Company Profile
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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