HealthSouth Corporation (NYSE:HLS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm presently has a $52.00 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.70% from the stock’s previous close.
According to Zacks, “HEALTHSOUTH Corp. is the one of the nation’s largest providers of outpatient surgery and rehabilitative healthcare services. The company provides these services through its national network of inpatient and outpatient healthcare facilities, including inpatient and outpatient rehabilitation facilities, outpatient surgery centers, diagnostic centers, occupational medicine centers, medical centers and other healthcare facilities. “
HLS has been the subject of a number of other reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $50.00 price objective on shares of HealthSouth Corporation in a research report on Thursday, August 3rd. Robert W. Baird reaffirmed a “buy” rating and set a $55.00 price objective on shares of HealthSouth Corporation in a research report on Monday, October 9th. ValuEngine cut shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Mizuho lifted their price objective on shares of HealthSouth Corporation from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, July 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $53.00 price objective on shares of HealthSouth Corporation in a research report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $50.75.
Shares of HealthSouth Corporation (HLS) opened at 46.14 on Monday. The company has a market capitalization of $4.56 billion, a P/E ratio of 16.81 and a beta of 0.58. HealthSouth Corporation has a one year low of $36.97 and a one year high of $49.71. The firm has a 50-day moving average of $45.41 and a 200-day moving average of $45.62.
HealthSouth Corporation (NYSE:HLS) last issued its earnings results on Thursday, October 26th. The company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. The business had revenue of $995.60 million for the quarter, compared to the consensus estimate of $985.75 million. HealthSouth Corporation had a net margin of 6.69% and a return on equity of 22.81%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. Equities research analysts expect that HealthSouth Corporation will post $2.71 EPS for the current fiscal year.
In other news, CEO Mark J. Tarr sold 22,625 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $43.00, for a total value of $972,875.00. Following the completion of the sale, the chief executive officer now owns 283,134 shares of the company’s stock, valued at $12,174,762. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its position in shares of HealthSouth Corporation by 0.7% in the second quarter. Teacher Retirement System of Texas now owns 7,117 shares of the company’s stock valued at $344,000 after acquiring an additional 48 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of HealthSouth Corporation by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,072 shares of the company’s stock valued at $633,000 after acquiring an additional 64 shares during the period. NGAM Advisors L.P. boosted its position in shares of HealthSouth Corporation by 1.4% in the second quarter. NGAM Advisors L.P. now owns 10,448 shares of the company’s stock valued at $506,000 after acquiring an additional 142 shares during the period. Renaissance Group LLC boosted its position in shares of HealthSouth Corporation by 1.9% in the second quarter. Renaissance Group LLC now owns 8,288 shares of the company’s stock valued at $401,000 after acquiring an additional 152 shares during the period. Finally, World Asset Management Inc boosted its position in shares of HealthSouth Corporation by 3.9% in the second quarter. World Asset Management Inc now owns 5,702 shares of the company’s stock valued at $276,000 after acquiring an additional 215 shares during the period. 93.11% of the stock is owned by institutional investors.
About HealthSouth Corporation
HealthSouth Corporation (HealthSouth) is a provider of post-acute healthcare services, offering both facility-based and home-based post-acute services in 35 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The Company manages its operations through segments, including inpatient rehabilitation, and home health and hospice.
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