Trade Report: Today, Envision Healthcare Holdings Inc. (EVHC) gets “Sell” status at The Zacks Investment Research

Today, Envision Healthcare Holdings Inc. (EVHC) gets “Sell” status at The Zacks Investment Research

Envision Healthcare Holdings Inc. (NYSE:EVHC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.

According to Zacks, “Envision Healthcare Holdings, Inc. engages in providing physician-led, outsourced medical services primarily in the United States. The Company, through its subsidiaries, provides medical services and solutions, including emergency, anesthesiology, hospitalist/inpatient care, radiology, tele-radiology and surgery. It offers an array of healthcare-related services to consumers, hospitals, healthcare systems, health plans and local, state and national government entities. Envision Healthcare Holdings, Inc. is headquartered in Greenwood Village, Colorado. “

Other equities analysts have also recently issued reports about the company. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Envision Healthcare Holdings in a research report on Thursday, September 8th. Citigroup Inc. raised Envision Healthcare Holdings from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $27.00 to $26.00 in a research report on Monday, September 26th. Canaccord Genuity reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Envision Healthcare Holdings in a research report on Friday, August 5th. Jefferies Group reissued a “buy” rating on shares of Envision Healthcare Holdings in a report on Tuesday, September 6th. Finally, Wells Fargo & Co. raised Envision Healthcare Holdings from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 2nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Envision Healthcare Holdings has a consensus rating of “Buy” and an average price target of $29.82.

Envision Healthcare Holdings (NYSE:EVHC) traded up 0.91% during mid-day trading on Friday, reaching $22.12. The company’s stock had a trading volume of 513,744 shares. Envision Healthcare Holdings has a 12-month low of $18.31 and a 12-month high of $28.47. The company has a 50-day moving average price of $21.41 and a 200-day moving average price of $23.13. The firm has a market cap of $4.14 billion, a PE ratio of 34.56 and a beta of 0.49.

Envision Healthcare Holdings (NYSE:EVHC) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.67 billion. Envision Healthcare Holdings had a return on equity of 11.96% and a net margin of 1.93%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. On average, equities research analysts expect that Envision Healthcare Holdings will post $1.39 earnings per share for the current year.

A number of large investors have recently modified their holdings of the company. Daiwa Securities Group Inc. raised its position in shares of Envision Healthcare Holdings by 11.9% in the second quarter. Daiwa Securities Group Inc. now owns 4,700 shares of the company’s stock worth $119,000 after buying an additional 500 shares during the last quarter. Seven Bridges Advisors LLC purchased a new position in shares of Envision Healthcare Holdings during the third quarter worth $119,000. LS Investment Advisors LLC raised its position in shares of Envision Healthcare Holdings by 23.8% in the second quarter. LS Investment Advisors LLC now owns 5,066 shares of the company’s stock worth $129,000 after buying an additional 974 shares during the last quarter. First New York Securities LLC NY purchased a new position in shares of Envision Healthcare Holdings during the third quarter worth $134,000. Finally, Nordea Investment Management AB raised its position in shares of Envision Healthcare Holdings by 9.8% in the second quarter. Nordea Investment Management AB now owns 5,457 shares of the company’s stock worth $138,000 after buying an additional 488 shares during the last quarter.

About Envision Healthcare Holdings

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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