HCA Healthcare, Inc. Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
HCA Healthcare, Inc. is a prominent player in the healthcare sector, headquartered in Nashville, Tennessee. Established in 1968, the company specializes in the ownership and operation of hospitals and healthcare facilities across the United States, providing a wide array of medical services including inpatient and intensive care, outpatient surgeries, diagnostics, and rehabilitation. Additionally, HCA operates freestanding emergency care centers and behavioral hospitals, focusing on specialized programs for psychiatric care and substance abuse treatment. As a leading stock within the Medical Care Facilities industry, HCA’s commitment to improving healthcare accessibility and quality positions it well in the market.
Industry Insights
The medical care facilities sector has been enjoying a favorable market outlook, prompting a buy recommendation from analysts. Current total revenue for this industry amounts to approximately $68.35 billion, reflecting strong financial health and substantial growth potential. Analysts predict a target high price of $455.00 per share for HCA, indicating promising upside for investors. Contributing factors to this positive sentiment include increasing demand for medical services, technological advancements in healthcare, and beneficial regulatory conditions, all of which point toward the sector’s capability to sustain revenues and adapt to the evolving healthcare landscape.
Stock Performance Summary
HCA Healthcare has 258,074,000 outstanding shares, with only 3,049,102 shares currently sold short, resulting in a low short interest percentage of 0.0163. This indicates a generally optimistic outlook among investors regarding the company’s prospects. The current stock price is at $404.66, closely approaching its fifty-two week high of $405.7, suggesting strong market performance. However, the fifty-two week low of $215.96 reflects the volatility experienced over the past year. The target mean price is noted at $400.45, offering a balanced view between potential gains and risks. Analysts maintain a bullish consensus, with a recommendation key of “buy” and a recommendation mean score of 1.9 based on 23 opinions, indicating that HCA is well-positioned for future growth.
| Metric | Value |
|---|---|
| Market Cap | $104.4b |
| Total Debt | $42.8b |
| Total Cash | $918.0m |
| Shares Outstanding | 258.1m |
| Float Shares | 185.3m |
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