BidaskClub upgraded shares of Envision Healthcare Corporation (NYSE:EVHC) from a sell rating to a hold rating in a report released on Saturday.
A number of other research analysts have also recently issued reports on the company. Mizuho reduced their price objective on Envision Healthcare Corporation from $70.00 to $60.00 and set a neutral rating on the stock in a research note on Tuesday, May 30th. Zacks Investment Research raised Envision Healthcare Corporation from a sell rating to a hold rating in a research note on Tuesday, May 2nd. Jefferies Group LLC set a $75.00 price objective on Envision Healthcare Corporation and gave the company a buy rating in a research note on Friday, April 21st. Royal Bank Of Canada reaffirmed a buy rating and set a $72.00 price objective on shares of Envision Healthcare Corporation in a research note on Monday, June 5th. Finally, TheStreet cut Envision Healthcare Corporation from a b- rating to a c+ rating in a research note on Thursday, March 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Envision Healthcare Corporation has an average rating of Buy and an average target price of $72.00.
Shares of Envision Healthcare Corporation (NYSE:EVHC) traded up 1.59% during midday trading on Friday, reaching $58.63. The company had a trading volume of 1,808,390 shares. Envision Healthcare Corporation has a one year low of $53.12 and a one year high of $81.26. The company’s market capitalization is $6.81 billion. The company has a 50 day moving average of $56.31 and a 200 day moving average of $63.22.
Envision Healthcare Corporation (NYSE:EVHC) last released its quarterly earnings results on Tuesday, May 2nd. The company reported $0.69 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.69. Envision Healthcare Corporation had a positive return on equity of 5.75% and a negative net margin of 9.16%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $2.52 billion. Analysts predict that Envision Healthcare Corporation will post $1.40 EPS for the current fiscal year.
In related news, insider Robert Jon Coward sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $60.53, for a total value of $90,795.00. Following the sale, the insider now directly owns 114,363 shares of the company’s stock, valued at $6,922,392.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in Envision Healthcare Corporation by 1,594.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,164 shares of the company’s stock valued at $1,531,000 after buying an additional 22,738 shares during the last quarter. Norges Bank purchased a new stake in Envision Healthcare Corporation during the fourth quarter valued at $71,040,000. Russell Investments Group Ltd. purchased a new stake in Envision Healthcare Corporation during the fourth quarter valued at $2,527,000. Tudor Investment Corp Et Al purchased a new stake in Envision Healthcare Corporation during the fourth quarter valued at $1,349,000. Finally, Capstone Asset Management Co. boosted its stake in Envision Healthcare Corporation by 3.0% in the first quarter. Capstone Asset Management Co. now owns 11,147 shares of the company’s stock valued at $684,000 after buying an additional 329 shares during the last quarter. 67.47% of the stock is currently owned by institutional investors.
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.
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