Halyard Health Inc (HYH) Receives Consensus Recommendation of “Buy” from Analysts

Halyard Health Inc (NYSE:HYH) has received an average recommendation of “Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $47.00.

Several equities research analysts recently weighed in on HYH shares. Zacks Investment Research raised Halyard Health from a “sell” rating to a “hold” rating in a report on Thursday, October 19th. ValuEngine raised Halyard Health from a “hold” rating to a “buy” rating in a report on Saturday, November 4th. TheStreet downgraded Halyard Health from a “b-” rating to a “c+” rating in a report on Monday, October 30th. KeyCorp reaffirmed a “hold” rating on shares of Halyard Health in a report on Tuesday, October 17th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $52.00 target price on shares of Halyard Health in a report on Friday, November 3rd.

Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in Halyard Health by 5.8% in the third quarter. Wells Fargo & Company MN now owns 514,776 shares of the medical instruments supplier’s stock valued at $23,180,000 after acquiring an additional 28,265 shares during the period. Koch Industries Inc. acquired a new stake in Halyard Health in the second quarter valued at $297,000. Confluence Investment Management LLC lifted its holdings in Halyard Health by 2.5% in the fourth quarter. Confluence Investment Management LLC now owns 104,033 shares of the medical instruments supplier’s stock valued at $4,804,000 after acquiring an additional 2,579 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in Halyard Health by 35.2% in the second quarter. TIAA CREF Investment Management LLC now owns 202,901 shares of the medical instruments supplier’s stock valued at $7,970,000 after acquiring an additional 52,881 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in Halyard Health by 3.9% in the third quarter. Prudential Financial Inc. now owns 686,309 shares of the medical instruments supplier’s stock valued at $30,904,000 after acquiring an additional 25,680 shares during the period. 89.32% of the stock is owned by institutional investors.

Shares of Halyard Health (NYSE:HYH) traded down $0.61 during midday trading on Friday, hitting $48.31. The company had a trading volume of 323,051 shares, compared to its average volume of 309,854. The company has a current ratio of 2.13, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. Halyard Health has a 52-week low of $35.24 and a 52-week high of $50.99. The firm has a market capitalization of $2,291.24, a P/E ratio of 40.60, a PEG ratio of 2.57 and a beta of 1.71.

Halyard Health (NYSE:HYH) last issued its quarterly earnings results on Wednesday, November 1st. The medical instruments supplier reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.13. Halyard Health had a return on equity of 8.65% and a net margin of 3.52%. The firm had revenue of $401.40 million during the quarter, compared to the consensus estimate of $394.54 million. During the same period last year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. research analysts expect that Halyard Health will post 2.08 EPS for the current year.

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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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