HCA Healthcare Inc (HCA) Receives $107.29 Average Target Price from Brokerages

HCA Healthcare Inc (NYSE:HCA) has earned an average rating of “Hold” from the twenty-six research firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $107.29.

HCA has been the topic of a number of research reports. Zacks Investment Research cut HCA Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Mizuho initiated coverage on HCA Healthcare in a report on Friday, March 23rd. They issued a “buy” rating and a $115.00 price target on the stock.

In other HCA Healthcare news, SVP Kathryn A. Torres sold 1,750 shares of the stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $106.87, for a total transaction of $187,022.50. Following the transaction, the senior vice president now owns 9,494 shares of the company’s stock, valued at approximately $1,014,623.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jonathan B. Perlin sold 11,520 shares of the stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $104.00, for a total value of $1,198,080.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,474 shares of company stock worth $4,161,523. Corporate insiders own 2.80% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of HCA Healthcare by 2.0% during the 4th quarter. BlackRock Inc. now owns 22,002,879 shares of the company’s stock worth $1,932,733,000 after purchasing an additional 433,283 shares during the period. Magellan Asset Management Ltd lifted its stake in shares of HCA Healthcare by 39.1% during the 4th quarter. Magellan Asset Management Ltd now owns 16,660,349 shares of the company’s stock worth $1,463,445,000 after purchasing an additional 4,681,672 shares during the period. Lyrical Asset Management LP purchased a new position in shares of HCA Healthcare during the 4th quarter worth $324,051,000. Geode Capital Management LLC lifted its stake in shares of HCA Healthcare by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 2,778,426 shares of the company’s stock worth $243,496,000 after purchasing an additional 29,339 shares during the period. Finally, Lakewood Capital Management LP lifted its stake in shares of HCA Healthcare by 2.9% during the 4th quarter. Lakewood Capital Management LP now owns 2,137,054 shares of the company’s stock worth $187,719,000 after purchasing an additional 60,000 shares during the period. 70.99% of the stock is currently owned by institutional investors.

HCA opened at $105.68 on Monday. The company has a market capitalization of $37.18 billion, a P/E ratio of 16.04, a PEG ratio of 1.04 and a beta of 0.51. The company has a debt-to-equity ratio of -7.13, a quick ratio of 1.17 and a current ratio of 1.39. HCA Healthcare has a 1-year low of $71.18 and a 1-year high of $107.37.

HCA Healthcare (NYSE:HCA) last released its quarterly earnings results on Tuesday, May 1st. The company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.26. The business had revenue of $11.42 billion for the quarter, compared to analysts’ expectations of $11.29 billion. HCA Healthcare had a negative return on equity of 55.50% and a net margin of 5.96%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.74 EPS. equities research analysts forecast that HCA Healthcare will post 8.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 1st will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, May 31st. HCA Healthcare’s payout ratio is currently 21.24%.

HCA Healthcare Company Profile

HCA Healthcare, Inc, through its subsidiaries, provides health care services. The company operates general, acute care hospitals that offer medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy services.

Analyst Recommendations for HCA Healthcare (NYSE:HCA)

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