HCA Healthcare (NYSE:HCA) Given New $415.00 Price Target at Truist Financial

HCA Healthcare (NYSE:HCA) had its target price lifted by Truist Financial from $390.00 to $415.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

HCA has been the subject of several other research reports. Barclays set a $416.00 target price on shares of HCA Healthcare and gave the stock an “overweight” rating in a research note on Monday, June 2nd. Wells Fargo & Company upgraded shares of HCA Healthcare from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $320.00 to $385.00 in a report on Thursday, May 29th. Wall Street Zen upgraded HCA Healthcare from a “hold” rating to a “buy” rating in a research report on Saturday, July 5th. Morgan Stanley set a $410.00 target price on HCA Healthcare and gave the stock an “equal weight” rating in a research note on Monday, June 9th. Finally, Baird R W lowered shares of HCA Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.21.

HCA Healthcare Stock Performance

NYSE:HCA opened at $360.91 on Wednesday. The company’s 50-day moving average is $376.38 and its two-hundred day moving average is $344.00. The firm has a market capitalization of $86.82 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.27 and a beta of 1.47. The company has a debt-to-equity ratio of 69.07, a current ratio of 1.19 and a quick ratio of 1.06. HCA Healthcare has a 1-year low of $289.98 and a 1-year high of $417.14.

HCA Healthcare (NYSE:HCA) last posted its earnings results on Friday, April 25th. The company reported $6.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $0.70. The company had revenue of $18.32 billion during the quarter, compared to analysts’ expectations of $18.26 billion. HCA Healthcare had a return on equity of 1,063.91% and a net margin of 8.07%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $5.36 earnings per share. Analysts forecast that HCA Healthcare will post 24.98 EPS for the current year.

HCA Healthcare Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 0.80%. The ex-dividend date was Monday, June 16th. HCA Healthcare’s dividend payout ratio (DPR) is presently 12.81%.

Insider Activity

In related news, COO Jon M. Foster sold 15,698 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $369.32, for a total value of $5,797,585.36. Following the transaction, the chief operating officer owned 12,646 shares of the company’s stock, valued at $4,670,420.72. This represents a 55.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HCA. Cheviot Value Management LLC purchased a new position in HCA Healthcare in the first quarter valued at approximately $26,000. Saudi Central Bank purchased a new position in shares of HCA Healthcare in the 1st quarter valued at $26,000. WPG Advisers LLC acquired a new position in HCA Healthcare in the first quarter valued at $27,000. Atwood & Palmer Inc. acquired a new stake in shares of HCA Healthcare during the first quarter worth about $28,000. Finally, Bartlett & CO. Wealth Management LLC boosted its position in shares of HCA Healthcare by 888.9% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 89 shares of the company’s stock valued at $31,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 62.73% of the company’s stock.

HCA Healthcare Company Profile

HCA Healthcare, Inc, through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States. It operates general and acute care hospitals that offers medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy.