Shares of Halyard Health, Inc. (NYSE:HYH) have been given a consensus rating of “Buy” by the nine analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $44.00.
HYH has been the subject of several research analyst reports. TheStreet lowered shares of Halyard Health from a “b-” rating to a “c+” rating in a research note on Monday, October 30th. Zacks Investment Research lowered shares of Halyard Health from a “buy” rating to a “sell” rating in a research note on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of Halyard Health in a research note on Tuesday, October 17th. Deutsche Bank AG raised their price target on shares of Halyard Health from $35.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $45.00 price target on shares of Halyard Health in a research note on Thursday, September 21st.
A number of institutional investors have recently added to or reduced their stakes in HYH. Goldman Sachs Group Inc. grew its stake in Halyard Health by 242.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,864,646 shares of the medical instruments supplier’s stock valued at $73,244,000 after buying an additional 1,320,735 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Halyard Health by 19.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,133,049 shares of the medical instruments supplier’s stock valued at $123,067,000 after purchasing an additional 507,893 shares during the period. Northern Trust Corp boosted its holdings in Halyard Health by 41.2% in the 2nd quarter. Northern Trust Corp now owns 1,510,297 shares of the medical instruments supplier’s stock valued at $59,324,000 after purchasing an additional 440,639 shares during the period. Macquarie Group Ltd. bought a new position in Halyard Health in the 3rd quarter valued at $19,063,000. Finally, Koch Industries Inc. bought a new position in Halyard Health in the 2nd quarter valued at $297,000. Institutional investors and hedge funds own 91.29% of the company’s stock.
Halyard Health (HYH) traded up $0.10 during trading hours on Monday, reaching $45.79. 202,915 shares of the company’s stock traded hands, compared to its average volume of 350,458. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 2.13. The stock has a market cap of $2,140.00, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 2.47 and a beta of 1.69. Halyard Health has a 52-week low of $35.24 and a 52-week high of $50.99.
Halyard Health (NYSE:HYH) last posted its quarterly earnings data on Wednesday, November 1st. The medical instruments supplier reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.13. The firm had revenue of $401.40 million during the quarter, compared to analyst estimates of $394.54 million. Halyard Health had a net margin of 3.52% and a return on equity of 8.65%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. analysts expect that Halyard Health will post 2.08 earnings per share for the current year.
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Halyard Health Company Profile
Halyard Health, Inc is a medical technology company. The Company operates through two segments: Medical Devices and Surgical and Infection Prevention (S&IP). The Medical Devices segment provides a portfolio of product offerings focused on pain management, respiratory and digestive health. The S&IP segment provides healthcare supplies and solutions that target the prevention of healthcare-associated infections.
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