Jefferies Group Increases Maximus Price Target to $58.00 (MMS)
Investment analysts at Jefferies Group lifted their price target on shares of Maximus (NYSE:MMS) from $53.00 to $58.00 in a note issued to investors on Friday, American Banking News reports. Jefferies Group’s price objective indicates a potential upside of 22.80% from the company’s current price.
Maximus (NYSE:MMS) traded down 5.71% during mid-day trading on Friday, hitting $47.23. 898,781 shares of the company’s stock traded hands. Maximus has a 52-week low of $34.65 and a 52-week high of $50.55. The stock’s 50-day moving average is $43.23 and its 200-day moving average is $43.12. The company has a market cap of $3.237 billion and a P/E ratio of 29.92.
Maximus (NYSE:MMS) last released its earnings data on Thursday, February 6th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.06. The company had revenue of $406.60 million for the quarter, compared to the consensus estimate of $392.86 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 42.0% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of 0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, February 12th.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Maximus from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Analysts at Zacks downgraded shares of Maximus from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 20th. They now have a $53.80 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Maximus currently has an average rating of “Buy” and a consensus price target of $54.93.
In other Maximus news, Insider Mark Andrekovich unloaded 4,302 shares of the stock on the open market in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $50.01, for a total value of $215,143.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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