Jefferies Group set a $41.00 price objective on Envision Healthcare (NYSE:EVHC) in a research note issued to investors on Tuesday, December 19th. The brokerage currently has a buy rating on the stock. Jefferies Group also issued estimates for Envision Healthcare’s Q4 2017 earnings at $0.44 EPS, FY2017 earnings at $2.48 EPS, Q1 2018 earnings at $0.47 EPS, Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.70 EPS and FY2018 earnings at $2.40 EPS.
A number of other equities analysts also recently commented on the stock. KeyCorp set a $67.00 price objective on shares of Envision Healthcare and gave the stock a buy rating in a report on Wednesday, November 1st. Cantor Fitzgerald reissued a hold rating and set a $30.00 price target on shares of Envision Healthcare in a report on Tuesday, November 14th. Canaccord Genuity reissued a buy rating and set a $32.00 price target (down previously from $68.00) on shares of Envision Healthcare in a report on Thursday, November 2nd. Credit Suisse Group initiated coverage on shares of Envision Healthcare in a research note on Monday, December 11th. They set an outperform rating and a $36.00 price objective on the stock. Finally, Bank of America cut their price objective on shares of Envision Healthcare from $72.00 to $60.00 and set a buy rating on the stock in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $40.73.
Envision Healthcare (NYSE:EVHC) traded down $0.13 on Tuesday, hitting $35.72. 1,963,612 shares of the company traded hands, compared to its average volume of 2,631,711. Envision Healthcare has a twelve month low of $23.77 and a twelve month high of $73.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.01 and a quick ratio of 3.00. The firm has a market capitalization of $4,340.00, a PE ratio of -23.97, a PEG ratio of 1.00 and a beta of 0.57.
Envision Healthcare (NYSE:EVHC) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 had a negative net margin of 6.39% and a positive return on equity of 4.88%. The company’s quarterly revenue was up 142.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 EPS. research analysts expect that Envision Healthcare will post 2.49 earnings per share for the current year.
Envision Healthcare announced that its Board of Directors has initiated a share repurchase program on Monday, September 18th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to reacquire up to 4.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
A number of institutional investors have recently made changes to their positions in EVHC. Exane Derivatives acquired a new position in shares of Envision Healthcare during the third quarter worth approximately $475,000. Stonebridge Capital Management Inc. lifted its holdings in shares of Envision Healthcare by 87.0% during the third quarter. Stonebridge Capital Management Inc. now owns 30,329 shares of the company’s stock worth $1,364,000 after buying an additional 14,111 shares during the last quarter. Honeywell International Inc. lifted its holdings in shares of Envision Healthcare by 17.4% during the third quarter. Honeywell International Inc. now owns 542,100 shares of the company’s stock worth $24,367,000 after buying an additional 80,200 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Envision Healthcare by 5.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 632,195 shares of the company’s stock worth $39,620,000 after buying an additional 33,587 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of Envision Healthcare during the second quarter worth approximately $797,000.
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Envision Healthcare 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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