Catamaran Corp Given Average Rating of “Hold” by Brokerages (NASDAQ:CTRX)
Catamaran Corp (NASDAQ:CTRX) has earned a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the company, Analyst Ratings News reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $56.29.
Catamaran Corp (NASDAQ:CTRX) traded up 0.68% on Tuesday, hitting $39.75. 255,807 shares of the company’s stock traded hands. Catamaran Corp has a 52 week low of $37.87 and a 52 week high of $58.73. The stock has a 50-day moving average of $44.97 and a 200-day moving average of $47.18. The company has a market cap of $8.205 billion and a P/E ratio of 31.09.
Catamaran Corp (NASDAQ:CTRX) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.02. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 36.0% on a year-over-year basis. On average, analysts predict that Catamaran Corp will post $2.15 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on CTRX shares. Analysts at Oppenheimer upgraded shares of Catamaran Corp from a “market perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $50.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Catamaran Corp from $55.00 to $48.00 in a research note on Monday. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group reiterated a “sell” rating on shares of Catamaran Corp in a research note on Monday.
Catamaran Corporation (NASDAQ:CTRX), formerly SXC Health Solutions Corp.
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