Catamaran Corp Hits New 52-Week Low at $44.44 (CTRX)
Catamaran Corp (NASDAQ:CTRX)’s share price reached a new 52-week low during trading on Thursday, American Banking News reports. The stock traded as low as $44.44 and last traded at $44.99, with a volume of 1,725,488 shares traded. The stock had previously closed at $45.84.
A number of analysts have recently weighed in on CTRX shares. Analysts at Morgan Stanley downgraded shares of Catamaran Corp (NASDAQ:CTRX) from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, September 23rd. They now have a $60.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Catamaran Corp (NASDAQ:CTRX) in a research note to investors on Thursday, August 8th. They now have a $70.00 price target on the stock, up previously from $65.00. Finally, analysts at ISI Group upgraded shares of Catamaran Corp (NASDAQ:CTRX) from a “buy” rating to a “strong-buy” rating in a research note to investors on Monday, July 15th. They now have a $62.00 price target on the stock, down previously from $68.00. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Catamaran Corp has a consensus rating of “Buy” and an average target price of $62.33.
Catamaran Corp has a 52-week low of $45.43 and a 52-week high of $58.73. The stock’s 50-day moving average is $53.07 and its 200-day moving average is $52.37. The company has a market cap of $9.245 billion and a price-to-earnings ratio of 52.93.
Catamaran Corp (NASDAQ:CTRX) last released its earnings data on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.05. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.47 billion. Catamaran Corp’s revenue was up 100.7% compared to the same quarter last year. Analysts expect that Catamaran Corp will post $1.90 EPS for the current fiscal year.
Catamaran Corporation (NASDAQ:CTRX), formerly SXC Health Solutions Corp.
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