Envision Healthcare Corporation (EVHC) Reached a 52-Week Low

Envision Healthcare Fundamentals Are 'Questionable,' Expect A Sell-Off

After a recent check, it is observed that the insiders for the firm now own 0.40% shares.

EVHC has been the topic of a number of other research reports. If the published price targets set by Envision Healthcare Corporation analysts have any power to influence the stock's share price, the highest price target set for EVHC is $77. The consensus analyst target price is $40.9. Zacks Investment Research downgraded shares of Envision Healthcare Corporation from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 24th.

Since the beginning of the calendar year, the stock is -32.69%.

Investors are feeling more bullish on Envision Healthcare Corporation of late if you put credence in the downtick in short interest. The value of the total investment in Envision Healthcare Corporation decreased from $21,613,000 to $1,758,000 a change of $19,855,000 since the last quarter. The 50 day moving average was down by -34.026% and the 200 day average went down $-24.07 or -45.237%. The firm's market cap is $4.99 billion.

Envision Healthcare Corporation most recently reported earnings per share (EPS) of $0.85 for the June 2017 versus $1.1 in the same quarter previous year, representing -23% growth. Envision Healthcare Corporation had a negative net margin of 7.35% and a positive return on equity of 5.35%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.03 billion. Envision noted that hurricanes played a big part in the quarterly results, as expected due to its facilities in Florida, but also noted uncertainty in national health care policy, with Chief Executive Christopher Holden noting "continued deceleration of health sector utilization following two years of heightened demand driven by coverage expansion". The company now has an average rating of "Buy" and a consensus target price of $68.33.

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Envision Healthcare Corporation announced that its board has initiated a share repurchase plan on Monday, September 18th that authorizes the company to repurchase $250.00 million in outstanding shares. This buyback authorization allows the company to buy up to 4.5% of its shares through open market purchases. BNP Paribas Arbitrage SA increased its stake in Envision Healthcare Holdings by 67.6% in the second quarter.

Shares of American Express Company (NYSE:AXP) traded up 0.47% in the last session while performance was up 95.52% in the last five days. Envision Healthcare Corporation updated its Q4 guidance to $0.44-$0.54 EPS. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Envision Healthcare Corporation by 54.5% in the first quarter. The portion of a company's profit allocated to each outstanding share of common stock was $5.18 a share in the trailing twelve months.

Envision Healthcare Holdings, Inc, formerly CDRT Holding Corporation, is a holding company.



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