WebMD Health Corp. Rating Increased to Buy at Stifel Nicolaus (WBMD)
WebMD Health Corp. (NASDAQ:WBMD) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $60.00 price objective on the stock. Stifel Nicolaus’ target price indicates a potential upside of 20.31% from the stock’s previous close.
The analysts wrote, “Our upgrade stems from strong industry macro trends and our view that current estimates for 3Q14 and 4Q14 advertising revenue growth are likely conservative. Previously, we estimated 8% y/y and 5% y/y advertising growth in 3Q14 and 4Q14, respectively, versus consensus growth of 10.3% y/y and 8.0% y/y, respectively. We now forecast 10% y/y advertising growth in both 3Q14 and 4Q14. “Our current expectation is that 8% y/y advertising growth in 4Q14 will prove conservative should the company report a solid 2Q14 and 3Q14. We believe strong industry macro trends, as well as stability in WebMD specific ad trends, suggests the company will likely report solid 2Q14 results. We look to the company’s 3Q14 guidance and possible upward revisions to FY14 guidance on its 2Q14 conference call as further support.”
Other equities research analysts have also recently issued reports about the stock. Analysts at William Blair initiated coverage on shares of WebMD Health Corp. in a research note on Thursday, April 17th. They set an “outperform” rating on the stock. Separately, analysts at Zacks downgraded shares of WebMD Health Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $47.90 price target on the stock. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of WebMD Health Corp. in a research note on Tuesday, April 15th. They now have a $54.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.98.
WebMD Health Corp. (NASDAQ:WBMD) traded up 4.46% on Wednesday, hitting $52.075. The stock had a trading volume of 918,693 shares. WebMD Health Corp. has a one year low of $26.07 and a one year high of $51.41. The stock has a 50-day moving average of $44.71 and a 200-day moving average of $43.92. The company has a market cap of $1.999 billion and a price-to-earnings ratio of 102.15.
WebMD Health Corp. (NASDAQ:WBMD) last announced its earnings results on Wednesday, April 30th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $133.80 million for the quarter, compared to the consensus estimate of $132.36 million. Analysts expect that WebMD Health Corp. will post $0.86 EPS for the current fiscal year.
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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