Envision Healthcare Corporation (EVHC) Shares Gap Up to $25.86
Envision Healthcare Corporation (NYSE:EVHC) shares gapped up before the market opened on Wednesday . The stock had previously closed at $25.33, but opened at $25.86. Envision Healthcare Corporation shares last traded at $28.52, with a volume of 13625400 shares traded.
A number of research analysts have weighed in on EVHC shares. Robert W. Baird reissued a “buy” rating and set a $70.00 target price on shares of Envision Healthcare Corporation in a research report on Tuesday, October 17th. SunTrust Banks, Inc. set a $55.00 target price on shares of Envision Healthcare Corporation and gave the stock a “buy” rating in a research report on Sunday, October 15th. Bank of America Corporation cut their target price on shares of Envision Healthcare Corporation from $72.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, October 9th. Jefferies Group LLC set a $71.00 target price on shares of Envision Healthcare Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, KeyCorp set a $67.00 target price on shares of Envision Healthcare Corporation and gave the stock a “buy” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.57.
The firm has a market capitalization of $3,436.88, a PE ratio of 8.77, a P/E/G ratio of 0.74 and a beta of 0.69. The company has a current ratio of 3.01, a quick ratio of 3.00 and a debt-to-equity ratio of 0.89.
Envision Healthcare Corporation (NYSE:EVHC) last posted its earnings results on Tuesday, October 31st. The company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.08). The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.03 billion. Envision Healthcare Corporation had a negative net margin of 6.39% and a positive return on equity of 4.88%. The business’s revenue was up 142.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 EPS. research analysts anticipate that Envision Healthcare Corporation will post 2.57 EPS for the current year.
Envision Healthcare Corporation announced that its board has authorized a share buyback plan on Monday, September 18th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of EVHC. Commonwealth Bank of Australia increased its stake in Envision Healthcare Corporation by 24.3% in the second quarter. Commonwealth Bank of Australia now owns 2,096 shares of the company’s stock valued at $130,000 after acquiring an additional 410 shares during the period. LMR Partners LLP bought a new stake in Envision Healthcare Corporation in the second quarter valued at about $205,000. Palisade Capital Management LLC NJ bought a new stake in Envision Healthcare Corporation in the third quarter valued at about $229,000. Cutter & CO Brokerage Inc. increased its stake in Envision Healthcare Corporation by 11.1% in the second quarter. Cutter & CO Brokerage Inc. now owns 3,668 shares of the company’s stock valued at $230,000 after acquiring an additional 367 shares during the period. Finally, HighTower Advisors LLC increased its stake in Envision Healthcare Corporation by 5.6% in the first quarter. HighTower Advisors LLC now owns 4,541 shares of the company’s stock valued at $274,000 after acquiring an additional 240 shares during the period.
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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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