Published On: Thu, Sep 15th, 2016

Envision Healthcare Holdings Inc. (EVHC) Upgraded at Zacks Investment Research

Envision Healthcare Holdings Inc. (NYSE:EVHC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “Envision Healthcare Holdings, Inc. engages in providing physician-led, outsourced medical services primarily in the United States. The Company, through its subsidiaries, provides medical services and solutions, including emergency, anesthesiology, hospitalist/inpatient care, radiology, tele-radiology and surgery. It offers an array of healthcare-related services to consumers, hospitals, healthcare systems, health plans and local, state and national government entities. Envision Healthcare Holdings, Inc. is headquartered in Greenwood Village, Colorado. “
A number of other equities analysts have also issued reports on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $31.00 target price on shares of Envision Healthcare Holdings in a research report on Thursday, September 8th. Jefferies Group reiterated a “buy” rating on shares of Envision Healthcare Holdings in a research report on Tuesday, September 6th. Canaccord Genuity restated a “buy” rating and set a $32.00 price objective on shares of Envision Healthcare Holdings in a research report on Friday, August 5th. Mizuho restated a “hold” rating on shares of Envision Healthcare Holdings in a research report on Sunday, June 26th. Finally, Bank of America Corp. restated a “hold” rating on shares of Envision Healthcare Holdings in a research report on Saturday, June 18th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $30.92.

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Shares of Envision Healthcare Holdings (NYSE:EVHC) traded down 2.47% during trading on Wednesday, reaching $21.74. 1,702,602 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $22.19 and its 200 day moving average price is $23.17. The firm has a market capitalization of $4.07 billion, a PE ratio of 36.23 and a beta of 0.43. Envision Healthcare Holdings has a 52 week low of $18.31 and a 52 week high of $43.80.
Envision Healthcare Holdings (NYSE:EVHC) last announced its earnings results on Wednesday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.02. The company earned $1.64 billion during the quarter, compared to the consensus estimate of $1.66 billion. Envision Healthcare Holdings had a net margin of 1.88% and a return on equity of 11.74%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. Analysts predict that Envision Healthcare Holdings will post $1.43 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of EVHC. Highbridge Capital Management LLC purchased a new position in Envision Healthcare Holdings during the fourth quarter worth approximately $8,027,000. Norges Bank purchased a new position in Envision Healthcare Holdings during the fourth quarter worth approximately $14,761,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Envision Healthcare Holdings by 9.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 58,338 shares of the company’s stock worth $1,190,000 after buying an additional 4,803 shares in the last quarter. Osborne Partners Capital Management LLC increased its position in Envision Healthcare Holdings by 45.7% in the first quarter. Osborne Partners Capital Management LLC now owns 191,790 shares of the company’s stock worth $3,913,000 after buying an additional 60,185 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning increased its position in Envision Healthcare Holdings by 72.2% in the first quarter. Handelsinvest Investeringsforvaltning now owns 113,300 shares of the company’s stock worth $2,311,000 after buying an additional 47,500 shares in the last quarter.
Envision Healthcare Holdings 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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