HCA Healthcare, Inc. (NYSE:HCA – Get Free Report)’s stock price rose 5.3% on Wednesday . The stock traded as high as $420.92 and last traded at $423.2920. Approximately 1,040,048 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 1,334,584 shares. The stock had previously closed at $402.02.
Analyst Ratings Changes
HCA has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on shares of HCA Healthcare from $490.00 to $425.00 and set a “neutral” rating on the stock in a report on Thursday, August 20th. Mizuho lowered their target price on HCA Healthcare from $525.00 to $475.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Robert W. Baird cut their price target on shares of HCA Healthcare from $396.00 to $393.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Jefferies Financial Group set a $450.00 price target on HCA Healthcare in a research report on Tuesday, July 14th. Finally, Cantor Fitzgerald reduced their price objective on HCA Healthcare from $588.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, HCA Healthcare currently has an average rating of “Moderate Buy” and a consensus target price of $462.64.
Check Out Our Latest Stock Report on HCA
HCA Healthcare Stock Performance
HCA Healthcare (NYSE:HCA – Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The company reported $7.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.56 by $0.03. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The company had revenue of $20.23 billion for the quarter, compared to the consensus estimate of $19.76 billion. During the same quarter in the prior year, the business posted $6.84 earnings per share. HCA Healthcare’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts forecast that HCA Healthcare, Inc. will post 29.42 earnings per share for the current year.
HCA Healthcare Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 16th. HCA Healthcare’s dividend payout ratio (DPR) is presently 10.45%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Palisade Asset Management LLC purchased a new stake in HCA Healthcare during the 3rd quarter worth $26,000. MidFirst Bank acquired a new position in shares of HCA Healthcare during the second quarter valued at $28,000. Clearstead Trust LLC bought a new stake in HCA Healthcare in the 2nd quarter valued at about $29,000. Cedar Mountain Advisors LLC acquired a new position in shares of HCA Healthcare during the first quarter worth approximately $33,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of HCA Healthcare during the third quarter worth approximately $33,000. 62.73% of the stock is owned by institutional investors and hedge funds.
About HCA Healthcare
HCA Healthcare, Inc (NYSE:HCA) is a healthcare services company that operates hospitals and other healthcare facilities. Its network provides a broad range of medical services, including emergency care, inpatient and outpatient treatment, surgery, diagnostic services, and maternity care.
The company also operates ambulatory surgery centers, urgent care facilities, physician practices, and other outpatient locations. HCA Healthcare serves patients through facilities located across the United States, as well as through HCA Healthcare UK, its healthcare operations in the United Kingdom.
HCA Healthcare was founded in 1968 by Dr.
Read More
- Five stocks we like better than HCA Healthcare
- Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
- GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus
- Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer
- Sovereign AI: Palantir and Nebius Cut the Cloud Cord
Receive News & Ratings for HCA Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCA Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.
