The price of HCA Healthcare Inc. (NYSE:HCA) shares last traded on Wall Street fell -1.17% to $282.18.
Based on available information, 25 analysts follow HCA Healthcare Inc. (NYSE:HCA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $350.00 and a low of $275.00, we find $322.00. Given the previous closing price of $285.53, this indicates a potential upside of 12.77 percent. HCA stock price is now -0.52% away from the 50-day moving average and 10.30% away from the 200-day moving average. The market capitalization of the company currently stands at $78.11B.
Among analysts, 5 rate the stock a hold while 17 rate it a buy. Brokers who have rated the stock have averaged $319.00 as their price target over the next twelve months.
With the price target of $304, Cantor Fitzgerald recently initiated with Overweight rating for HCA Healthcare Inc. (NYSE: HCA).
In other news, Cuffe Michael S., EVP and Chief Clinical Officer sold 12,556 shares of the company’s stock on Apr 28. The stock was sold for $3,571,396 at an average price of $284.44. Upon completion of the transaction, the EVP and Chief Clinical Officer now directly owns 28,783 shares in the company, valued at $8.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 28, Group President Akdamar Erol R sold 3,500 shares of the business’s stock. A total of $997,500 was realized by selling the stock at an average price of $285.00. This leaves the insider owning 42,484 shares of the company worth $11.99 million. Insiders disposed of 533,614 shares of company stock worth roughly $150.58 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HCA stock. A new stake in HCA Healthcare Inc. shares was purchased by THIRD POINT LLC during the first quarter worth $242,675,000. WOODLINE PARTNERS LP invested $68,433,000 in shares of HCA during the first quarter. In the first quarter, JGP GLOBAL GESTAO DE RECURSOS LTDA. acquired a new stake in HCA Healthcare Inc. valued at approximately $59,173,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in HCA for approximately $52,584,000. FARALLON CAPITAL MANAGEMENT LLC purchased a new stake in HCA valued at around $44,189,000 in the second quarter. In total, there are 1,347 active investors with 66.80% ownership of the company’s stock.
A candlestick chart of HCA Healthcare Inc. (NYSE: HCA) showed a price of $284.18 on Wednesday morning. During the past 12 months, HCA Healthcare Inc. has had a low of $178.32 and a high of $304.86. According to the stock market information, the enterprise value for the company is $116.92B, which is based on a 14.14 price-to-earnings ratio, a 1.76 price-to-earnings-growth ratio, and a beta of 1.63. The fifty day moving average price for HCA is $283.78 and a two-hundred day moving average price translates $256.24 for the stock.
The latest earnings results from HCA Healthcare Inc. (NYSE: HCA) was released for Mar, 2023. According to the Medical Care Facilities Company, earnings per share came in at $4.93, beating analysts’ expectations of $3.93 by 1. This compares to $4.77 EPS in the same period last year. The net profit margin was 9.40% and return on equity was -186.30% for HCA. The company reported revenue of $15.59 billion for the quarter, compared to $14.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.32 percent. For the current quarter, analysts expect HCA to generate $15.62B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/16/2023 were paid a $0.60 dividend. On an annualized basis, this represents a $2.40 dividend and a 0.85% percent yield. There was an ex-dividend date of 06/15/2023 for this dividend. In terms of dividend payout ratio, HCA is presently at 11.30%.
HCA Healthcare Inc.(HCA) Company Profile
HCA Healthcare, Inc., through its subsidiaries, provides health care services in the United States. It operates general and acute care hospitals that offers 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. The company also operates outpatient health care facilities consisting of freestanding ambulatory surgery centers, freestanding emergency care facilities, urgent care facilities, walk-in clinics, diagnostic and imaging centers, rehabilitation and physical therapy centers, radiation and oncology therapy centers, physician practices, and various other facilities. In addition, it operates psychiatric hospitals, which provide therapeutic programs comprising child, adolescent and adult psychiatric care, adolescent and adult alcohol, drug abuse treatment, and counseling services. The company was formerly known as HCA Holdings, Inc. HCA Healthcare, Inc. was founded in 1968 and is headquartered in Nashville, Tennessee.
