HCA Holdings, Inc. (NYSE:HCA) had its price objective lowered by Citigroup Inc. from $87.00 to $81.00 in a research report report published on Monday, MarketBeat Ratings reports. The firm currently has a neutral rating on the stock.
Other analysts have also issued reports about the stock. Cantor Fitzgerald reaffirmed a buy rating and set a $95.00 price target on shares of HCA Holdings in a research report on Wednesday, September 6th. Argus dropped their price target on shares of HCA Holdings from $100.00 to $93.00 and set a buy rating on the stock in a research report on Monday, August 14th. Zacks Investment Research raised shares of HCA Holdings from a hold rating to a buy rating and set a $97.00 price target on the stock in a research report on Thursday, July 13th. KeyCorp reaffirmed a buy rating and set a $95.00 price target on shares of HCA Holdings in a research report on Thursday, September 7th. Finally, Robert W. Baird reaffirmed a buy rating on shares of HCA Holdings in a research report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company. HCA Holdings has an average rating of Buy and an average target price of $89.95.
HCA Holdings (NYSE:HCA) traded down $0.73 during midday trading on Monday, reaching $78.68. 1,790,800 shares of the company’s stock traded hands, compared to its average volume of 2,980,000. The company has a debt-to-equity ratio of -6.46, a current ratio of 1.68 and a quick ratio of 1.41. HCA Holdings has a 1 year low of $68.02 and a 1 year high of $91.03. The company has a market capitalization of $28,440.00, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.16 and a beta of 0.50.
HCA Holdings (NYSE:HCA) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.21. HCA Holdings had a net margin of 6.13% and a negative return on equity of 47.16%. The firm had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.70 billion. During the same period in the prior year, the firm posted $1.45 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. sell-side analysts expect that HCA Holdings will post 6.55 EPS for the current fiscal year.
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HCA Holdings announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 31st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $79.87, for a total transaction of $171,720.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 6,450 shares of company stock worth $511,163 over the last quarter. Corporate insiders own 2.90% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake in HCA Holdings by 14.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,163 shares of the company’s stock worth $101,000 after buying an additional 143 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in HCA Holdings by 35.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,232 shares of the company’s stock worth $107,000 after buying an additional 320 shares in the last quarter. Atlantic Trust LLC acquired a new stake in HCA Holdings during the second quarter worth about $118,000. Lee Financial Co acquired a new stake in HCA Holdings during the second quarter worth about $125,000. Finally, Acrospire Investment Management LLC grew its stake in HCA Holdings by 14.3% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the company’s stock worth $140,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 75.18% of the company’s stock.
About HCA Holdings
HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.
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