Several other equities research analysts also recently issued reports on EVHC. Bank of America lowered their price target on Envision Healthcare from $72.00 to $60.00 and set a buy rating on the stock in a research report on Monday, October 9th. SunTrust Banks set a $55.00 price target on Envision Healthcare and gave the company a buy rating in a research report on Sunday, October 15th. Robert W. Baird reaffirmed a buy rating and issued a $70.00 price target on shares of Envision Healthcare in a research report on Tuesday, October 17th. Cantor Fitzgerald downgraded Envision Healthcare from an overweight rating to a neutral rating and set a $30.00 price target on the stock. in a research report on Wednesday, November 1st. Finally, KeyCorp set a $67.00 target price on Envision Healthcare 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, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $44.19.
Envision Healthcare (EVHC) traded down $0.72 during midday trading on Tuesday, reaching $33.14. The company’s stock had a trading volume of 2,485,700 shares, compared to its average volume of 2,284,869. Envision Healthcare has a one year low of $23.77 and a one year high of $73.00. The company has a current ratio of 3.01, a quick ratio of 3.00 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $4,093.31, a price-to-earnings ratio of 10.45, a P/E/G ratio of 0.88 and a beta of 0.57.
Envision Healthcare declared that its board has authorized a stock repurchase program on Monday, September 18th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to buy up to 4.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVHC. Commonwealth Bank of Australia lifted its position in Envision Healthcare 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 buying an additional 410 shares in the last quarter. LMR Partners LLP bought a new stake in Envision Healthcare during the 2nd quarter worth about $205,000. Palisade Capital Management LLC NJ bought a new stake in shares of Envision Healthcare in the 3rd quarter valued at about $229,000. Cutter & CO Brokerage Inc. raised its holdings in shares of Envision Healthcare by 11.1% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 3,668 shares of the company’s stock valued at $230,000 after purchasing an additional 367 shares during the period. Finally, Flinton Capital Management LLC raised its holdings in shares of Envision Healthcare by 18.7% in the 2nd quarter. Flinton Capital Management LLC now owns 4,464 shares of the company’s stock valued at $280,000 after purchasing an additional 704 shares during the period.
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Envision Healthcare 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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