Jefferies Remains Bullish on HCA Holdings (HCA); Reiterates $94 Price Target
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Jefferies reiterated a Buy rating and $94.00 price target on HCA Holdings (NYSE: HCA). Jefferies believes that shares will gradually move higher as investors' preference for high quality names persists. Management's high stock ownership aligns them with investors, and HCA has consistently demonstrated its ability to execute strategically while generating shareholder value.
Analyst Brian Tanquilut commented, "Our positive view on HCA is driven by our belief that the stock will gradually move higher as investors' preference for high quality names persists. HCA's valuation at 10.4x FY17 P/E and 6.8x EV/EBITDA is compelling, especially given the company's strong FCF and relatively stable growth outlook. We also expect continued capital deployment (buybacks and potentially a dividend) to provide incremental momentum to the stock."
Shares of HCA Holdings closed at $74.02 yesterday.
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