The Envision Healthcare Corporation (EVHC) Given Average Recommendation of “Buy” by Brokerages

The Envision Healthcare Corporation (EVHC) Given Average Recommendation of “Buy” by Brokerages

EVHC has been the subject of several analyst reports. Royal Bank Of Canada reduced their target price on Envision Healthcare Corporation from $87.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, March 1st. Jefferies Group LLC reiterated a “buy” rating and set a $82.00 price target (down from $90.00) on shares of Envision Healthcare Corporation in a report on Wednesday, March 1st. Zacks Investment Research lowered Envision Healthcare Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, March 7th. TheStreet lowered Envision Healthcare Corporation from a “b-” rating to a “c+” rating in a report on Thursday, March 9th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Envision Healthcare Corporation in a research note on Thursday, March 16th.

Envision Healthcare Corporation (NYSE:EVHC) has been given an average rating of “Buy” by the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $71.50.

In other news, insider Robert Jon Coward sold 1,500 shares of the company’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 transaction, the insider now owns 115,863 shares of the company’s stock, valued at $7,107,036.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by corporate insiders. Several institutional investors have recently modified their holdings of the stock. Arizona State Retirement System raised its position 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 last quarter. Nordea Investment Management AB raised its stake in Envision Healthcare Corporation by 3.7% in the first quarter. Nordea Investment Management AB now owns 3,341 shares of the company’s stock worth $205,000 after buying an additional 120 shares in the last quarter. Mason Street Advisors LLC raised its stake in Envision Healthcare Corporation by 1.1% in the first quarter. Mason Street Advisors LLC now owns 16,232 shares of the company’s stock worth $995,000 after buying an additional 183 shares in the last quarter. ProShare Advisors LLC raised its stake in Envision Healthcare Corporation by 1.7% in the first quarter. ProShare Advisors LLC now owns 11,780 shares of the company’s stock worth $722,000 after buying an additional 192 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in 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 worth $2,367,000 after buying an additional 200 shares in the last quarter. 67.47% of the stock is currently owned by institutional investors and hedge funds.

Envision Healthcare Corporation (EVHC) traded down 0.05% during midday trading on Friday, hitting $57.71. 1,131,660 shares of the stock were exchanged. The stock’s market cap is $6.70 billion. Envision Healthcare Corporation has a 12-month low of $53.12 and a 12-month high of $81.26. The firm has a 50 day moving average of $56.22 and a 200-day moving average of $63.27. Envision Healthcare Corporation (NYSE:EVHC) last posted its earnings results on Tuesday, May 2nd. The company reported $0.69 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.69. Envision Healthcare Corporation had a positive return on equity of 5.75% and a negative net margin of 9.16%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $2.52 billion. On average, equities analysts expect that Envision Healthcare Corporation will post $1.40 earnings per share for the current year.

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