Catamaran Corp Coverage Initiated at Argus (CTRX)
Equities researchers at Argus assumed coverage on shares of Catamaran Corp (NASDAQ:CTRX) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Catamaran Corp (NASDAQ:CTRX) opened at 49.17 on Wednesday. Catamaran Corp has a 52-week low of $43.49 and a 52-week high of $58.73. The stock’s 50-day moving average is $47.26 and its 200-day moving average is $49.96. The company has a market cap of $10.144 billion and a P/E ratio of 44.14.
Catamaran Corp (NASDAQ:CTRX) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.04. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, analysts predict that Catamaran Corp will post $1.97 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CTRX. Analysts at Goldman Sachs Group Inc. downgraded shares of Catamaran Corp from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, December 17th. They now have a $50.00 price target on the stock, down previously from $61.00. Separately, analysts at UBS AG raised their price target on shares of Catamaran Corp from $60.00 to $66.00 in a research note to investors on Friday, December 13th. They now have a “neutral” rating on the stock. Finally, analysts at Dougherty & Co reiterated a “buy” rating on shares of Catamaran Corp in a research note to investors on Wednesday, November 27th. They now have a $57.00 price target on the stock. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $59.90.
Catamaran Corporation (NASDAQ:CTRX), formerly SXC Health Solutions Corp.
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