Universal American Corp. Downgraded by Zacks to Underperform (UAM)
Universal American Corp. (NYSE:UAM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Wednesday, ARN reports. They currently have a $7.20 target price on the stock. Zacks‘ price objective would suggest a potential downside of 5.39% from the company’s current price.
A number of other firms have also recently commented on UAM. Analysts at Citigroup Inc. cut their price target on shares of Universal American Corp. from $14.00 to $12.00 in a research note to investors on Monday, August 19th. They now have a “buy” rating on the stock. Separately, analysts at Wedbush downgraded shares of Universal American Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 5th. They now have a $10.00 price target on the stock, down previously from $11.00. Finally, analysts at Raymond James downgraded shares of Universal American Corp. from a “market perform” rating to an “underperform” rating in a research note to investors on Tuesday, July 16th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $9.45.
Universal American Corp. (NYSE:UAM) traded down 0.13% during mid-day trading on Wednesday, hitting $7.60. The stock had a trading volume of 27,978 shares. Universal American Corp. has a 1-year low of $7.26 and a 1-year high of $11.13. The stock’s 50-day moving average is $7.73 and its 200-day moving average is $8.84. The company’s market cap is $650.1 million.
Universal American Corp. (NYSE:UAM) last released its earnings data on Thursday, August 1st. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.17. The company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $538.22 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Analysts expect that Universal American Corp. will post $0.38 EPS for the current fiscal year.
Universal American Corp., through its health insurance and managed care subsidiaries, primarily serves the growing Medicare population by providing Medicare Advantage products.
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