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Analysts at Raymond James initiated coverage on shares of WebMD Health Corp. (NASDAQ:WBMD) in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. The firm set a “strong-buy” rating and a $54.00 price target on the stock. Raymond James’ price target would suggest a potential upside of 23.09% from the company’s current price.

Shares of WebMD Health Corp. (NASDAQ:WBMD) opened at 43.87 on Tuesday. WebMD Health Corp. has a one year low of $22.63 and a one year high of $51.41. The stock’s 50-day moving average is $42.22 and its 200-day moving average is $40.27. The company has a market cap of $1.718 billion and a P/E ratio of 141.52.

WebMD Health Corp. (NASDAQ:WBMD) last released its earnings data on Thursday, February 20th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $146.30 million for the quarter, compared to the consensus estimate of $145.15 million. On average, analysts predict that WebMD Health Corp. will post $0.84 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of WebMD Health Corp. from $45.00 to $47.00 in a research note on Tuesday. Separately, analysts at SunTrust initiated coverage on shares of WebMD Health Corp. in a research note on Tuesday, March 25th. They set a “buy” rating and a $51.00 price target on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of WebMD Health Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. They now have a $55.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. WebMD Health Corp. currently has a consensus rating of “Buy” and an average target price of $54.90.

WebMD Health Corp. is a provider of health information services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications.

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