Envision Healthcare Corporation (EVHC) Upgraded to “Hold” by BidaskClub

Envision Healthcare Corporation (NYSE:EVHC) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

EVHC has been the topic of a number of other research reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of Envision Healthcare Corporation in a research note on Thursday, March 16th. Zacks Investment Research lowered Envision Healthcare Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, March 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a $80.00 target price (down previously from $87.00) on shares of Envision Healthcare Corporation in a research note on Wednesday, March 1st. Canaccord Genuity reiterated a “buy” rating and set a $86.00 target price on shares of Envision Healthcare Corporation in a research note on Tuesday, April 18th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $82.00 target price (down previously from $90.00) on shares of Envision Healthcare Corporation in a research note on Wednesday, March 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $72.00.

Analyst Recommendations for Envision Healthcare Corporation (NYSE:EVHC)

Shares of Envision Healthcare Corporation (NYSE EVHC) traded up 1.59% during midday trading on Friday, hitting $58.63. 1,808,390 shares of the stock were exchanged. The firm has a 50-day moving average price of $56.31 and a 200 day moving average price of $63.22. Envision Healthcare Corporation has a 12-month low of $53.12 and a 12-month high of $81.26. The firm’s market cap is $6.81 billion.

Envision Healthcare Corporation (NYSE:EVHC) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $2.52 billion. Envision Healthcare Corporation had a positive return on equity of 5.75% and a negative net margin of 9.16%. Analysts predict that Envision Healthcare Corporation will post $1.40 earnings per share for the current fiscal year.

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In related news, insider Robert Jon Coward sold 1,500 shares of the firm’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $61.34, for a total transaction of $92,010.00. Following the sale, the insider now owns 115,863 shares of the company’s stock, valued at approximately $7,107,036.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its stake in Envision Healthcare Corporation by 0.3% in the first quarter. Arizona State Retirement System now owns 29,100 shares of the company’s stock valued at $1,784,000 after buying an additional 100 shares during the period. Nordea Investment Management AB increased its position in shares of Envision Healthcare Corporation by 3.7% in the first quarter. Nordea Investment Management AB now owns 3,341 shares of the company’s stock valued at $205,000 after buying an additional 120 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Envision Healthcare Corporation by 1.1% in the first quarter. Mason Street Advisors LLC now owns 16,232 shares of the company’s stock valued at $995,000 after buying an additional 183 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Envision Healthcare Corporation by 1.7% in the first quarter. ProShare Advisors LLC now owns 11,780 shares of the company’s stock valued at $722,000 after buying an additional 192 shares during the last quarter. Finally, State Treasurer State of Michigan increased its position in shares of Envision Healthcare Corporation by 0.5% in the first quarter. State Treasurer State of Michigan now owns 38,600 shares of the company’s stock valued at $2,367,000 after buying an additional 200 shares during the last quarter. 67.47% of the stock is currently owned by institutional investors.

About Envision Healthcare Corporation

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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