HCA Healthcare’s (HCA) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of HCA Healthcare (NYSE:HCA) in a research note published on Tuesday,Benzinga reports. They currently have a $435.00 price target on the stock.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group set a $450.00 target price on shares of HCA Healthcare in a research note on Tuesday, July 14th. Truist Financial decreased their target price on HCA Healthcare from $535.00 to $495.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. KeyCorp decreased their price objective on HCA Healthcare from $475.00 to $435.00 and set an “overweight” rating on the stock in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $476.00 price target on shares of HCA Healthcare in a research note on Monday, July 27th. Finally, Mizuho lowered their target price on shares of HCA Healthcare from $525.00 to $475.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $462.64.

HCA Healthcare Stock Down 0.0%

Shares of NYSE HCA opened at $421.78 on Tuesday. HCA Healthcare has a twelve month low of $353.99 and a twelve month high of $556.52. The company has a market cap of $91.32 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10. The business’s 50 day moving average price is $404.64 and its two-hundred day moving average price is $433.45.

HCA Healthcare (NYSE:HCA) last issued its earnings results on Friday, July 24th. The company reported $7.59 EPS for the quarter, topping the consensus estimate of $7.56 by $0.03. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The company had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.76 billion. During the same period in the previous year, the company posted $6.84 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, research analysts anticipate that HCA Healthcare will post 29.42 EPS for the current fiscal year.

HCA Healthcare Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, September 16th. HCA Healthcare’s payout ratio is currently 10.45%.

Institutional Trading of HCA Healthcare

Several large investors have recently bought and sold shares of the business. Palisade Asset Management LLC bought a new stake in shares of HCA Healthcare during the 3rd quarter valued at approximately $26,000. MidFirst Bank bought a new stake in shares of HCA Healthcare during the second quarter worth $28,000. Clearstead Trust LLC bought a new position in shares of HCA Healthcare in the 2nd quarter valued at $29,000. Cedar Mountain Advisors LLC bought a new stake in HCA Healthcare during the 1st quarter worth $33,000. Finally, JPL Wealth Management LLC bought a new position in HCA Healthcare in the third quarter valued at about $33,000. 62.73% of the stock is owned by institutional investors and hedge funds.

HCA Healthcare Company Profile

HCA Healthcare, Inc (NYSE:HCA) is a healthcare services company that operates hospitals and other healthcare facilities. Its network provides a broad range of medical services, including emergency care, inpatient and outpatient treatment, surgery, diagnostic services, and maternity care.

The company also operates ambulatory surgery centers, urgent care facilities, physician practices, and other outpatient locations. HCA Healthcare serves patients through facilities located across the United States, as well as through HCA Healthcare UK, its healthcare operations in the United Kingdom.

HCA Healthcare was founded in 1968 by Dr.