SunTrust Banks Reiterates “$58.00” Price Target for HealthSouth (HLS)

SunTrust Banks set a $58.00 target price on HealthSouth (NYSE:HLS) in a report released on Thursday morning. The firm currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the stock. Royal Bank of Canada reiterated a buy rating on shares of HealthSouth in a report on Wednesday, November 15th. ValuEngine downgraded shares of HealthSouth from a buy rating to a hold rating in a report on Friday, September 1st. Mizuho upgraded shares of HealthSouth from a neutral rating to a buy rating and set a $55.00 price target on the stock in a report on Thursday, November 2nd. Stephens started coverage on shares of HealthSouth in a report on Thursday, August 31st. They issued an overweight rating and a $53.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of HealthSouth from a buy rating to a hold rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $52.44.

HealthSouth (HLS) traded up $0.08 on Thursday, hitting $49.32. 235,987 shares of the stock traded hands, compared to its average volume of 825,556. HealthSouth has a 12-month low of $38.24 and a 12-month high of $50.41. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $4,860.00, a P/E ratio of 18.00, a P/E/G ratio of 1.81 and a beta of 0.55.

HealthSouth (NYSE:HLS) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. HealthSouth had a net margin of 6.69% and a return on equity of 22.81%. The firm had revenue of $995.60 million for the quarter, compared to the consensus estimate of $985.75 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. research analysts expect that HealthSouth will post 2.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a $0.25 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.00 annualized dividend and a yield of 2.03%. HealthSouth’s dividend payout ratio is presently 36.50%.

In related news, Director Yvonne M. Curl acquired 1,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were acquired at an average price of $45.95 per share, for a total transaction of $45,950.00. Following the transaction, the director now owns 64,144 shares in the company, valued at approximately $2,947,416.80. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas boosted its position in HealthSouth by 0.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,117 shares of the company’s stock worth $344,000 after purchasing an additional 48 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in HealthSouth by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,072 shares of the company’s stock worth $633,000 after purchasing an additional 64 shares in the last quarter. Renaissance Group LLC boosted its position in HealthSouth by 1.9% in the 2nd quarter. Renaissance Group LLC now owns 8,288 shares of the company’s stock worth $401,000 after purchasing an additional 152 shares in the last quarter. Symphony Asset Management LLC boosted its position in HealthSouth by 4.4% in the 2nd quarter. Symphony Asset Management LLC now owns 6,228 shares of the company’s stock worth $301,000 after purchasing an additional 261 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in HealthSouth by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 75,760 shares of the company’s stock worth $3,667,000 after purchasing an additional 276 shares in the last quarter. Institutional investors and hedge funds own 93.18% of the company’s stock.

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About HealthSouth

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.

Analyst Recommendations for HealthSouth (NYSE:HLS)

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