Envision Healthcare Corporation (EVHC) PT Set at $57.00 by Mizuho

Mizuho set a $57.00 price objective on Envision Healthcare Corporation (NYSE:EVHC) in a research note published on Tuesday morning. The brokerage currently has a hold rating on the stock.

A number of other research firms have also recently weighed in on EVHC. Robert W. Baird reissued a buy rating and issued a $70.00 target price on shares of Envision Healthcare Corporation in a research note on Tuesday, October 17th. Cantor Fitzgerald reissued a buy rating and issued a $80.00 target price on shares of Envision Healthcare Corporation in a research note on Tuesday, July 4th. Zacks Investment Research raised shares of Envision Healthcare Corporation from a strong sell rating to a buy rating and set a $70.00 target price on the stock in a research note on Tuesday, July 4th. Jefferies Group LLC set a $71.00 target price on shares of Envision Healthcare Corporation and gave the company a buy rating in a research note on Thursday, August 24th. Finally, BidaskClub cut shares of Envision Healthcare Corporation from a hold rating to a sell rating in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Envision Healthcare Corporation currently has a consensus rating of Buy and a consensus target price of $49.21.

Envision Healthcare Corporation (NYSE EVHC) opened at $27.04 on Tuesday. The company has a quick ratio of 2.82, a current ratio of 3.01 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $3.29 billion, a PE ratio of 8.41, a PEG ratio of 0.58 and a beta of 0.69.

Envision Healthcare Corporation (NYSE:EVHC) last posted its earnings results on Tuesday, October 31st. The company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.08). The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.03 billion. Envision Healthcare Corporation had a negative net margin of 6.39% and a positive return on equity of 4.88%. The business’s revenue was up 142.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 EPS. research analysts predict that Envision Healthcare Corporation will post 3.14 EPS for the current year.

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Envision Healthcare Corporation announced that its Board of Directors has authorized a stock buyback program on Monday, September 18th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 4.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

A number of institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its position in shares of Envision Healthcare Corporation by 51.2% during the third quarter. BNP Paribas Arbitrage SA now owns 71,960 shares of the company’s stock worth $3,235,000 after purchasing an additional 24,366 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Envision Healthcare Corporation by 21.5% during the third quarter. GHP Investment Advisors Inc. now owns 23,919 shares of the company’s stock worth $1,075,000 after purchasing an additional 4,234 shares in the last quarter. Swiss National Bank lifted its position in shares of Envision Healthcare Corporation by 1.2% during the third quarter. Swiss National Bank now owns 432,916 shares of the company’s stock worth $19,460,000 after purchasing an additional 5,200 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Envision Healthcare Corporation by 1.6% during the third quarter. Principal Financial Group Inc. now owns 182,296 shares of the company’s stock worth $8,194,000 after purchasing an additional 2,799 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Envision Healthcare Corporation by 114.3% during the third quarter. Oregon Public Employees Retirement Fund now owns 26,353 shares of the company’s stock worth $1,185,000 after purchasing an additional 14,053 shares in the last quarter.

About Envision Healthcare Corporation

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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