HealthSouth Corporation (NYSE:HLS) Receives $48.83 Average Target Price from Analysts

Shares of HealthSouth Corporation (NYSE:HLS) have been given an average rating of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $48.80.

HLS has been the topic of several recent analyst reports. KeyCorp initiated coverage on shares of HealthSouth Corporation in a research report on Thursday, June 15th. They set a “sector weight” rating on the stock. Zacks Investment Research lowered shares of HealthSouth Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. BidaskClub upgraded shares of HealthSouth Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. ValuEngine raised shares of HealthSouth Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $53.00 price objective on shares of HealthSouth Corporation in a research note on Wednesday, July 5th.

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In other news, CEO Mark J. Tarr sold 22,625 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $43.00, for a total value of $972,875.00. Following the completion of the sale, the chief executive officer now owns 283,134 shares of the company’s stock, valued at $12,174,762. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. World Asset Management Inc raised its stake in HealthSouth Corporation by 0.8% in the first quarter. World Asset Management Inc now owns 5,487 shares of the company’s stock worth $235,000 after buying an additional 41 shares during the last quarter. Teacher Retirement System of Texas raised its stake in HealthSouth Corporation by 0.7% in the second quarter. Teacher Retirement System of Texas now owns 7,117 shares of the company’s stock worth $344,000 after buying an additional 48 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in HealthSouth Corporation by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,072 shares of the company’s stock worth $633,000 after buying an additional 64 shares during the last quarter. Horrell Capital Management Inc. raised its stake in HealthSouth Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $1,167,000 after buying an additional 100 shares during the last quarter. Finally, CWM LLC raised its stake in HealthSouth Corporation by 2.1% in the first quarter. CWM LLC now owns 6,384 shares of the company’s stock worth $273,000 after buying an additional 130 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

HealthSouth Corporation (NYSE:HLS) traded up 0.79% during mid-day trading on Friday, hitting $44.40. The company’s stock had a trading volume of 199,468 shares. HealthSouth Corporation has a 12-month low of $36.97 and a 12-month high of $49.71. The company has a market cap of $4.38 billion, a P/E ratio of 16.18 and a beta of 0.61. The firm’s 50-day moving average is $45.30 and its 200-day moving average is $44.32.

HealthSouth Corporation (NYSE:HLS) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. HealthSouth Corporation had a net margin of 6.70% and a return on equity of 25.07%. The business had revenue of $981.30 million for the quarter, compared to analyst estimates of $976.46 million. During the same period in the previous year, the business posted $0.69 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. Analysts predict that HealthSouth Corporation will post $2.71 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a $0.25 dividend. The ex-dividend date is Friday, September 29th. This represents a $1.00 annualized dividend and a dividend yield of 2.27%. This is a positive change from HealthSouth Corporation’s previous quarterly dividend of $0.24. HealthSouth Corporation’s dividend payout ratio is presently 35.29%.

About HealthSouth Corporation

HealthSouth Corporation (HealthSouth) is a provider of post-acute healthcare services, offering both facility-based and home-based post-acute services in 35 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The Company manages its operations through segments, including inpatient rehabilitation, and home health and hospice.

Analyst Recommendations for HealthSouth Corporation (NYSE:HLS)

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