Citigroup Downgrades Envision Healthcare Holdings Inc to Neutral

Brokerage firm Citigroup Downgrades its rating on Envision Healthcare Holdings Inc(NYSE:EVHC). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Citigroup was issued on Jun 16, 2016.

In a different note, On Jun 16, 2016, Wells Fargo said it Downgrades its rating on Envision Healthcare Holdings Inc. The shares have been rated ‘Market Perform’ by the firm.

Envision Healthcare Holdings Inc (EVHC) made into the market gainers list on Tuesdays trading session with the shares advancing 0.04% or 0.01 points. Due to strong positive momentum, the stock ended at $26.56, which is also near the day’s high of $26.76. The stock began the session at $26.76 and the volume stood at 21,59,444 shares. The 52-week high of the shares is $45.95 and the 52 week low is $18.31. The company has a current market capitalization of $4,970 M and it has 18,71,26,550 shares in outstanding.

Envision Healthcare Holdings Inc(EVHC) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.60B. Analysts had an estimated revenue of $1.55B. Earnings per share were $0.28. Analysts had estimated an EPS of $0.24.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2016, Steven G Murphy (SVP of Gov. & Nat. Services) sold 17,021 shares at $20.45 per share price.Also, On Oct 7, 2015, Leonard M Jr Riggs (director) sold 4,000 shares at $36.24 per share price.On Sep 17, 2015, Randel G Owen (EVP, COO and CFO) sold 20,000 shares at $42.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Envision Healthcare Holdings Inc. is a holding company. The Company provides physician-led outsourced medical services in the United States. The Company operates in two segments: EmCare Holdings Inc. (EmCare) in the facility-based and post-acute care physician service business and American Medical Response Inc. (AMR) in the healthcare transportation service business. EmCare provides integrated facility-based physician services for emergency departments anesthesiology hospitalist or inpatient radiology teleradiology and surgery programs. EmCare also offers physician-led care management solutions outside the hospital. AMR provides a range of healthcare transportation services from basic patient transit to the emergency care and pre-hospital assistance. In addition AMR operates emergency (911) call and response service. It offers contracted medical staffing and provides telephone triage transportation dispatch and demand management services. It brands include EmCare and AMR.

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