Mizuho Says Its Time To Neutral Envision Healthcare Holdings (NYSE:EVHC). Will Stock Hit Their Target of $30?


Why Has Mizuho Given Envision Healthcare Holdings (NYSE:EVHC) a $30 Price Target

Expert analysts at Mizuho have initiated coverage on shares of Envision Healthcare Holdings (NYSE:EVHC) in recent note issued to clients on Thursday morning. The investment house set Neutral rating on the stock. Mizuho’s Estimated Target Price of $30 suggests potential of 10.46% from the stock’s price per share.

From a total of 16 analysts covering Envision Healthcare Holdings (NYSE:EVHC) stock, 16 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 89% of the ratings are positive. The highest target price is $47 while the lowest target price is $31. The mean of all analyst targets is $36.06 with a 51.01% above today’s ($27.15) stock price. Envision Healthcare Holdings was the topic of 16 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Cantor Fitzgerald maintained shares on October 28 with “Buy” rating. Oppenheimer maintained shares with “Outperform” rating and $48 target share price in a report from a July 31. Wells Fargo upgraded EVHC stock in a recent report from October 22 to “Outperform” rating. RBC Capital Markets maintained the rating on July 31. RBC Capital Markets has a “Outperform” rating and a $51 price target on shares. Finally, Canaccord Genuity initiated the stock with “Buy” rating in a report issued on a September 16.

The stock decreased 2.58% or $0.72 on December 2, striking $27.15. Approximately shares of stock traded hands. Envision Healthcare Holdings Inc (NYSE:EVHC) has declined 28.45% since April 30, 2015 and is downtrending. It has underperformed by 28.16% the S&P500.

Envision Healthcare Holdings, Inc. is a holding company. The company has a market cap of $5.21 billion. The Firm provides physician-led, outsourced medical services in the United States. It has 33.94 P/E ratio. The Firm operates in two divisions: EmCare Holdings, Inc. in the facility and post-acute care physician service business and American Medical Response, Inc. (AMR) in the healthcare transportation service business.

According to Zacks Investment Research, “Envision Healthcare Holdings, Inc. engages in providing physician-led, outsourced medical services primarily in the United States. The Company, through its subsidiaries, provides medical services and solutions, including emergency, anesthesiology, hospitalist/inpatient care, radiology, tele-radiology and surgery. It offers an array of healthcare-related services to consumers, hospitals, healthcare systems, health plans and local, state and national government entities. Envision Healthcare Holdings, Inc. is headquartered in Greenwood Village, Colorado.” Get a free copy of the Zacks research report on Envision Healthcare Holdings Inc (EVHC).