Envision Healthcare (EVHC) Lowered to "Market Perform" at William Blair

Envision Healthcare To Go Private In $9.9B All Cash Deal

Other large investors have also recently modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,401 shares of the company's stock valued at $221,000 after buying an additional 3,000 shares during the period. W. E. Donoghue & Co. SG Americas Securities LLC lifted its stake in Envision Healthcare by 334.4% in the fourth quarter. Fox Run Management L.L.C. bought a new stake in shares of Envision Healthcare during the 4th quarter worth $353,000. Mackay Shields LLC bought a new position in shares of Envision Healthcare during the 1st quarter worth about $783,000. Zeke Capital Advisors LLC acquired a new position in shares of Envision Healthcare in the first quarter valued at approximately $229,000. Bank of Montreal Can lifted its stake in Envision Healthcare by 6.4% in the fourth quarter. For example, shares of Envision Healthcare stock have traded at $134.13 per share and an analyst has set a $51.00 per share price target for the stock. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 0.99 and a beta of 0.46. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.27 and a quick ratio of 2.25. The firm earned "Hold" rating on Monday, May 7 by Cantor Fitzgerald. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.64 by $0.07. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.02 billion.

The deal marks an end to Envision's plan to find strategic options, which the company launched after posting disappointing third-quarter results a year ago.

Under the deal, KKR will acquire Envision for $46 per share, representing a 5 percent premium over Envision's closing price of $43.64 on June 8, according to The Wall Street Journal. The firm is expected to issue its next quarterly earnings report on Monday, August 6th.

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Envision Healthcare (NYSE:EVHC) shares have been decreased to a Hold rating by equity research analysts at Robert W. Baird. Canaccord Genuity increased their target price on shares of Envision Healthcare from $46.00 to $48.00 and gave the company a "buy" rating in a research report on Wednesday, May 9th. Cantor Fitzgerald maintained it with "Hold" rating and $4000 target in Monday, May 7 report. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company's stock. Finally, Cantor Fitzgerald reissued a "buy" rating and issued a $80.00 price objective on shares of Envision Healthcare in a report on Thursday, April 6th.

KKR itself said last month it would buy business software company BMC Software, in a deal that could be worth about $8.5 billion with debt, according to Reuters' sources. The company has an average rating of "Hold" and a consensus target price of $41.10.

The company has been hit by lower patient admissions at hospitals - a trend that has plagued healthcare services providers in the United States. It operates in two segments: EmCare Holdings, Inc (EmCare) and American Medical Response, Inc (AMR).

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