Maximus PT Raised to $53.00 at Raymond James (MMS)
Research analysts at Raymond James raised their target price on shares of Maximus (NYSE:MMS) from $44.00 to $53.00 in a report released on Wednesday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 13.32% from the company’s current price.
Shares of Maximus (NYSE:MMS) traded down 0.17% on Wednesday, hitting $46.77. 384,467 shares of the company’s stock traded hands. Maximus has a 52 week low of $27.20 and a 52 week high of $47.30. The stock’s 50-day moving average is $40.27 and its 200-day moving average is $38.56. The company has a market cap of $3.189 billion and a P/E ratio of 31.09.
Maximus (NYSE:MMS) last released its earnings data on Thursday, August 8th. The company reported $0.41 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.41. The company had revenue of $334.30 million for the quarter, compared to the consensus estimate of $325.19 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 25.5% on a year-over-year basis. Analysts expect that Maximus will post $1.57 EPS for the current fiscal year.
A number of other firms have also recently commented on MMS. Analysts at Jefferies Group initiated coverage on shares of Maximus (NYSE:MMS) in a research note to investors on Thursday, September 12th. They set a “buy” rating and a $47.00 price target on the stock. Analysts at First Analysis upgraded shares of Maximus (NYSE:MMS) from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, August 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $57.55.
MAXIMUS, Inc is a provider of business process services (NYSE:MMS) to government health and human services agencies under its mission of Helping Government Serve the People.
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