Envision Healthcare Corporation (NYSE:EVHC) had its target price cut by Bank of America Corporation from $72.00 to $60.00 in a research note published on Monday morning. They currently have a buy rating on the stock.
Other equities research analysts have also issued research reports about the stock. Jefferies Group LLC set a $71.00 target price on shares of Envision Healthcare Corporation and gave the stock a buy rating in a report on Thursday, August 24th. Cantor Fitzgerald restated a buy rating and issued a $80.00 target price on shares of Envision Healthcare Corporation in a report on Tuesday, July 4th. Zacks Investment Research upgraded shares of Envision Healthcare Corporation from a strong sell rating to a buy rating and set a $70.00 target price for the company in a report on Tuesday, July 4th. BidaskClub upgraded shares of Envision Healthcare Corporation from a sell rating to a hold rating in a report on Saturday, June 17th. Finally, Mizuho lowered their target price on shares of Envision Healthcare Corporation from $65.00 to $57.00 and set a neutral rating for the company in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Envision Healthcare Corporation presently has a consensus rating of Buy and a consensus price target of $75.33.
Envision Healthcare Corporation (EVHC) opened at 41.65 on Monday. The firm has a 50 day moving average of $46.95 and a 200-day moving average of $54.97. Envision Healthcare Corporation has a 52-week low of $40.71 and a 52-week high of $74.75. The stock’s market cap is $4.88 billion.
Envision Healthcare Corporation (NYSE:EVHC) last released its earnings results on Monday, August 7th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Envision Healthcare Corporation had a negative net margin of 7.35% and a positive return on equity of 5.35%. The business’s revenue was up 156.7% on a year-over-year basis. During the same quarter last year, the business earned $0.34 EPS. Equities analysts anticipate that Envision Healthcare Corporation will post $1.40 earnings per share for the current fiscal year.
Envision Healthcare Corporation declared that its board has approved a share repurchase plan on Monday, September 18th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to buy up to 4.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Bank of Australia increased its position in Envision Healthcare Corporation by 24.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,096 shares of the company’s stock valued at $130,000 after purchasing an additional 410 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Envision Healthcare Corporation during the 1st quarter valued at about $172,000. LMR Partners LLP purchased a new position in Envision Healthcare Corporation during the 2nd quarter valued at about $205,000. Nordea Investment Management AB increased its position in Envision Healthcare Corporation by 3.7% during the 1st quarter. Nordea Investment Management AB now owns 3,341 shares of the company’s stock valued at $205,000 after purchasing an additional 120 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Envision Healthcare Corporation by 54.5% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,401 shares of the company’s stock valued at $209,000 after purchasing an additional 1,200 shares during the period.
Envision Healthcare Corporation 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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