Citigroup Maintains HCA Holdings Inc to Neutral with Price Target $79.00

Brokerage firm Citigroup Maintains its rating on HCA Holdings Inc(NYSE:HCA). In a research note issued to the investors, the brokerage major Lowers the price-target to $79.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Sep 30, 2016.

In a different note, Evercore ISI Group said it Initiates Coverage on HCA Holdings Inc, according to a research note issued on Sep 23, 2016. The shares have been rated ‘Hold’ by the firm. On Jul 29, 2016, JP Morgan said it Downgrades its rating on HCA Holdings Inc. The shares have been rated ‘Neutral’ by the firm. On Jul 29, 2016, Citigroup said it Maintains its rating on HCA Holdings Inc. In the research note, the firm Lowers the price-target to $86.00 per share. The shares have been rated ‘Neutral’ by the firm.

HCA Holdings Inc (HCA) shares turned negative on Tuesdays trading session with the shares closing down -0.05 points or -0.07% at a volume of 19,05,150. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $75.16. The peak price level was also seen at $75.16 while the days lowest was $74.06. Finally the shares closed at $74.5. The 52-week high of the shares is $83.69 while the 52-week low is $60.07. According to the latest information available, the market cap of the company is $28,209 M.

HCA Holdings Inc(HCA) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $10.32B. Analysts had an estimated revenue of $10.49B. Earnings per share were $1.55. Analysts had estimated an EPS of $1.56.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Joseph N Steakley (SVP-Internal Audit Services) sold 44,203 shares at $76.42 per share price.Also, On May 26, 2016, Michael S. Cuffe (President-Physician Services) sold 2,575 shares at $76.20 per share price.On May 26, 2016, Alan R Yuspeh (SVP & Chief Ethics Officer) sold 15,000 shares at $77.82 per share price, according to the Form-4 filing with the securities and exchange commission.

HCA Holdings Inc. is a holding company. The Company is a health care services company. The Company owns manages or operates hospitals freestanding surgery centers diagnostic and imaging centers radiation and oncology therapy centers rehabilitation and physical therapy centers and various other facilities. The Company’s general acute care hospitals provide a range of services to accommodate medical specialties such as internal medicine general surgery cardiology oncology neurosurgery orthopedics and obstetrics as well as diagnostic and emergency services. The general acute care hospitals also provide outpatient services such as outpatient surgery laboratory radiology respiratory therapy cardiology and physical therapy. Outpatient and ancillary health care services are provided by the Company’s general acute care hospitals freestanding surgery centers freestanding emergency care facilities diagnostic centers and rehabilitation facilities.

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