HealthSouth Corporation (HLS) : Analyst Rating Update

HealthSouth Corporation (HLS) has an average broker rating of 2.1, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

HealthSouth Corporation (HLS) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $54 and the lowest price target forecast is $37. The average forecast of all the analysts is $46 and the expected standard deviation is $5.17.

HealthSouth Corporation (NYSE:HLS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.20 and $38.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.38, notching a gain of 0.34% for the day. The total traded volume was 413,443 . The stock had closed at $38.25 on the previous day.

Also, Equity analysts at the Brokerage firm Barclays downgrades its rating on HealthSouth Corporation (NYSE:HLS). The rating major has initiated the coverage with underweight rating on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. The Analysts at Barclays lowers the price target from $45 per share to $42 per share. The rating by the firm was issued on June 27, 2016. The company shares have dropped -16.50% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $48.37 and the one year low was seen on Feb 16, 2016. The 50-Day Moving Average price is $40.04 and the 200 Day Moving Average price is recorded at $36.96.

HealthSouth Corporation (HealthSouth) is an owner and operator of inpatient rehabilitation hospitals. The Companys inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses, which include physical and cognitive disabilities or injuries due to medical conditions, such as strokes, hip fractures, head injuries, spinal cord injuries and a variety of debilitating neurological conditions. HealthSouth operates in around 33 states across the United States and in Puerto Rico and serves patients through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The Companys inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses. As of December 31, 2014, the Company operated 107 inpatient rehabilitation hospitals. The Companys inpatient hospitals are concentrated in the eastern half of the United States and Texas.

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