Today: The Envision Healthcare Holdings Inc. (EVHC) Upgrade by Wells Fargo & Co. to Outperform

The Envision Healthcare Holdings Inc. (EVHC) Upgrade by Wells Fargo & Co. to Outperform

Envision Healthcare Holdings Inc. (NYSE:EVHC) was upgraded by Wells Fargo & Co. from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday. The analysts noted that the move was a valuation call.

Other equities research analysts have also recently issued research reports about the company. Jefferies Group reiterated a “buy” rating on shares of Envision Healthcare Holdings in a report on Tuesday, September 6th. Cantor Fitzgerald reiterated a “buy” rating and issued a $31.00 price objective on shares of Envision Healthcare Holdings in a report on Thursday, September 8th. Canaccord Genuity reiterated a “buy” rating and issued a $32.00 price objective on shares of Envision Healthcare Holdings in a report on Friday, August 5th. Citigroup Inc. upgraded Envision Healthcare Holdings from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $27.00 to $26.00 in a report on Monday, September 26th. Finally, Zacks Investment Research upgraded Envision Healthcare Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $29.82.

Shares of Envision Healthcare Holdings (NYSE:EVHC) traded up 0.91% during midday trading on Wednesday, reaching $22.12. The company’s stock had a trading volume of 513,744 shares. The stock has a market cap of $4.14 billion, a PE ratio of 34.56 and a beta of 0.49. Envision Healthcare Holdings has a one year low of $18.31 and a one year high of $28.47. The firm has a 50-day moving average of $21.39 and a 200-day moving average of $23.12.

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

Hedge funds have recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its stake in 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 acquired a new stake in Envision Healthcare Holdings during the third quarter worth approximately $119,000. LS Investment Advisors LLC raised its stake in 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 acquired a new stake in Envision Healthcare Holdings during the third quarter worth approximately $134,000. Finally, Nordea Investment Management AB raised its stake in 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.

Envision Healthcare Holdings Company Profile

Related posts

Leave a Comment