Stifel Nicolaus reaffirmed their buy rating on shares of Halyard Health, Inc. (NYSE:HYH) in a research note released on Friday morning. They currently have a $52.00 price objective on the medical instruments supplier’s stock.
Several other brokerages have also commented on HYH. Zacks Investment Research raised Halyard Health from a sell rating to a hold rating in a research note on Thursday, October 19th. BidaskClub raised Halyard Health from a hold rating to a buy rating in a research note on Saturday, August 19th. Deutsche Bank AG boosted their price target on Halyard Health from $35.00 to $42.00 and gave the stock a buy rating in a research note on Thursday, August 3rd. TheStreet lowered Halyard Health from a b- rating to a c+ rating in a research note on Monday, October 30th. Finally, KeyCorp reissued a hold rating on shares of Halyard Health in a research note on Tuesday, October 17th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $44.00.
Shares of Halyard Health (NYSE HYH) traded up $0.33 during trading hours on Friday, hitting $47.33. The stock had a trading volume of 509,701 shares, compared to its average volume of 456,112. The stock has a market cap of $2,216.75, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 3.16 and a beta of 1.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.13 and a quick ratio of 1.11. Halyard Health has a fifty-two week low of $32.60 and a fifty-two week high of $50.99.
Halyard Health (NYSE:HYH) last announced its quarterly earnings results on Wednesday, November 1st. The medical instruments supplier reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.13. The business had revenue of $401.40 million for the quarter, compared to analyst estimates of $394.54 million. Halyard Health had a return on equity of 8.65% and a net margin of 3.52%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 EPS. sell-side analysts expect that Halyard Health will post 2.08 EPS for the current year.
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Hedge funds have recently bought and sold shares of the stock. Riverhead Capital Management LLC lifted its stake in Halyard Health by 88.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,197 shares of the medical instruments supplier’s stock valued at $126,000 after buying an additional 1,497 shares in the last quarter. LS Investment Advisors LLC lifted its stake in Halyard Health by 16.1% in the 2nd quarter. LS Investment Advisors LLC now owns 4,017 shares of the medical instruments supplier’s stock valued at $158,000 after buying an additional 556 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Halyard Health by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,732 shares of the medical instruments supplier’s stock valued at $186,000 after buying an additional 711 shares in the last quarter. QS Investors LLC lifted its stake in Halyard Health by 305.6% in the 2nd quarter. QS Investors LLC now owns 5,176 shares of the medical instruments supplier’s stock valued at $203,000 after buying an additional 3,900 shares in the last quarter. Finally, Quotient Investors LLC purchased a new stake in Halyard Health in the 3rd quarter valued at approximately $203,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.
About Halyard Health
Halyard Health, Inc is a medical technology company. The Company operates through two segments: Medical Devices and Surgical and Infection Prevention (S&IP). The Medical Devices segment provides a portfolio of product offerings focused on pain management, respiratory and digestive health. The S&IP segment provides healthcare supplies and solutions that target the prevention of healthcare-associated infections.
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