Wells Fargo Starts HCA Holdings (HCA) at Outperform; New And Improved Version 3.0

April 19, 2011 7:42 AM EDT Send to a Friend
Get Alerts HCA Hot Sheet
Price: $69.40 --0%

Rating Summary:
    26 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 34 | New: 3
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Wells Fargo initiates coverage on HCA Holdings (NYSE: HCA) with an Outperform. Valuation range of $34-39.

Welss analyst says, "We believe this multiple is fair given that the historical midpoint of the range for the group is closer to 7.5x. HCA is the largest and most profitable of the for-profit acute care hospitals. The company operates 158 acute-acute care hospitals and 104 surgery centers in the U.S. providing about 5% of all hospital services. HCA’s 10 largest markets account for over half of its EBITDA; the company operates in 14 of the 25 fastest-growing markets in the U.S. The key difference between HCA and other for-profit operators is that its facilities typically operate in urban markets where it has significant market share and provides higher acuity services. We estimate EPS for 2011 and 2012 of $2.37 and $2.55, respectively."

For more ratings news on HCA Holdings click here and for the rating history of HCA Holdings click here.

Shares of HCA Holdings closed at $32.08 yesterday.


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