Economy

Envision Healthcare Corp. (EVHC) Is Sinking After Q3 Profit Drops

Envision Healthcare Corp. (EVHC) Is Sinking After Q3 Profit Drops”

Envision Healthcare Corporation, launched on June 10, 2016, is a provider of healthcare services. Cantor Fitzgerald's price objective indicates a potential downside of 29.58% from the company's current price.

Several research analysts recently issued reports on the stock. Norges Bank bolstered its ownership by buying 511,086 shares an increase of 60.0% from 03/31/2016 to 06/30/2016. Finally, Jefferies Group LLC set a $71.00 price target on shares of Envision Healthcare Corporation and gave the stock a "buy" rating in a report on Thursday, August 24th. The company now has an average rating of "Buy" and an average target price of $68.45.

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The stock is trading at $42.60 marginally under $44.16, the stock's 50 day moving average and significantly below the 200 day moving average of $53.20. Envision Healthcare Corporation has a 1-year low of $26.72 and a 1-year high of $74.75. The value of the investment in Envision Healthcare Corporation decreased from $840,000 to $754,000 decreasing 10.2% quarter over quarter.

Nashville-based Envision, which was born a year ago from the merger of AmSurg and the Colorado company that already had the Envision name, reported third-quarter earnings of $40.7 million compared to $37.7 million in the same period of last year - even though revenues more than tripled to $3.07 billion. Envision Healthcare Corporation had a positive return on equity of 5.35% and a negative net margin of 7.35%. The company's quarterly revenue was up 142.0% on a year-over-year basis. The 1 year EPS growth rate is 12.00%. The 50 day moving average moved down $-15.52 and the 200 day average was down $-24.56. Citigroup Inc. upgraded Envision Healthcare Holdings from a "neutral" rating to a "buy" rating and dropped their price target for the company from $27.00 to $26.00 in a research note on Monday, September 26th. This repurchase authorization authorizes the company to repurchase up to 4.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued. If you are viewing this report on another website, it was copied illegally and reposted in violation of USA and global copyright and trademark law. The original version of this article can be read at https://weekherald.com/2017/11/01/envision-healthcare-corporation-evhc-posts-earnings-results.html.

These funds have shifted positions in (EVHC). It showed the change of -5.27% in last one month. LMR Partners LLP bought a new stake in shares of Envision Healthcare Corporation during the 2nd quarter valued at about $205,000. The value of the company's investment in Envision Healthcare Corporation went from $21,613,000 to $1,758,000 decreasing 91.9% quarter over quarter. The stock's market cap is $3.14 billion. As of quarter end Oxford Asset Management had sold 901,200 shares trimming its stake by 92.9%. It remained at -22.19% over last 3 months.

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. The Company operates through three segments: physician services, medical transportation and ambulatory services.



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