Several other equities analysts have also recently issued reports on the stock. Robert W. Baird reiterated a buy rating and set a $70.00 price target on shares of Envision Healthcare Corporation in a research report on Tuesday, October 17th. Cantor Fitzgerald reiterated a buy rating and set a $80.00 price target on shares of Envision Healthcare Corporation in a research 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 price target on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC set a $71.00 price target on shares of Envision Healthcare Corporation and gave the company a buy rating in a research report on Thursday, August 24th. Finally, BidaskClub lowered shares of Envision Healthcare Corporation from a hold rating to a sell rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $49.21.
Shares of Envision Healthcare Corporation (NYSE:EVHC) opened at $24.95 on Wednesday. The stock has a market cap of $3,016.19, a price-to-earnings ratio of 7.70, a PEG ratio of 0.65 and a beta of 0.69. Envision Healthcare Corporation has a fifty-two week low of $24.45 and a fifty-two week high of $74.75. The company has a current ratio of 3.01, a quick ratio of 3.00 and a debt-to-equity ratio of 0.89.
Envision Healthcare Corporation (NYSE:EVHC) last issued its earnings results on Tuesday, October 31st. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.08). The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Envision Healthcare Corporation had a positive return on equity of 4.88% and a negative net margin of 6.39%. Envision Healthcare Corporation’s revenue for the quarter was up 142.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 EPS. research analysts predict that Envision Healthcare Corporation will post 2.56 earnings per share for the current fiscal year.
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Envision Healthcare Corporation declared that its Board of Directors has authorized a share buyback plan on Monday, September 18th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 4.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its position in Envision Healthcare Corporation by 6.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 674,538 shares of the company’s stock valued at $30,321,000 after purchasing an additional 42,343 shares during the period. Wells Fargo & Company MN lifted its position in Envision Healthcare Corporation by 11.2% during the third quarter. Wells Fargo & Company MN now owns 917,418 shares of the company’s stock valued at $41,238,000 after purchasing an additional 92,339 shares during the period. Achmea Investment Management B.V. lifted its position in Envision Healthcare Corporation by 433.8% during the third quarter. Achmea Investment Management B.V. now owns 16,226 shares of the company’s stock valued at $729,000 after purchasing an additional 13,186 shares during the period. Pegasus Partners Ltd. lifted its position in Envision Healthcare Corporation by 51.7% during the third quarter. Pegasus Partners Ltd. now owns 80,646 shares of the company’s stock valued at $3,625,000 after purchasing an additional 27,473 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Envision Healthcare Corporation by 420.6% during the third quarter. JPMorgan Chase & Co. now owns 592,805 shares of the company’s stock valued at $26,083,000 after purchasing an additional 478,926 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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