Envision Healthcare Corporation (NYSE:EVHC) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $47.46 and last traded at $47.37, with a volume of 742,292 shares changing hands. The stock had previously closed at $48.49.
Several brokerages have issued reports on EVHC. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Envision Healthcare Corporation in a report on Monday, July 24th. Royal Bank Of Canada lifted their target price on Envision Healthcare Corporation from $72.00 to $77.00 and gave the stock an “outperform” rating in a report on Tuesday, June 27th. Zacks Investment Research raised Envision Healthcare Corporation from a “strong sell” rating to a “buy” rating and set a $70.00 target price for the company in a report on Tuesday, July 4th. BidaskClub raised Envision Healthcare Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Mizuho dropped their target price on Envision Healthcare Corporation from $65.00 to $57.00 and set a “neutral” rating for the company in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $71.56.
The company has a 50-day moving average price of $51.97 and a 200 day moving average price of $57.86. The company’s market cap is $5.58 billion.
Envision Healthcare Corporation (NYSE:EVHC) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Envision Healthcare Corporation had a positive return on equity of 5.35% and a negative net margin of 7.35%. The firm’s quarterly revenue was up 156.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. On average, equities analysts expect that Envision Healthcare Corporation will post $1.40 EPS for the current fiscal year.
In related news, insider Robert Jon Coward sold 1,500 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $62.69, for a total transaction of $94,035.00. Following the sale, the insider now owns 97,863 shares of the company’s stock, valued at approximately $6,135,031.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Bank of Australia lifted its holdings in Envision Healthcare Corporation by 24.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,096 shares of the company’s stock worth $130,000 after purchasing an additional 410 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Envision Healthcare Corporation during the 1st quarter worth about $172,000. First Interstate Bank purchased a new stake in Envision Healthcare Corporation during the 1st quarter worth about $184,000. Daiwa Securities Group Inc. lifted its holdings in Envision Healthcare Corporation by 60.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,169 shares of the company’s stock worth $194,000 after purchasing an additional 1,200 shares in the last quarter. Finally, LMR Partners LLP purchased a new stake in Envision Healthcare Corporation during the 2nd quarter worth about $205,000. 64.75% of the stock is currently owned by institutional investors and hedge funds.
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Envision Healthcare Corporation 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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