Universal American Corp.’s Hold Rating Reaffirmed at Deutsche Bank (UAM)
Universal American Corp. (NYSE:UAM)‘s stock had its “hold” rating reiterated by Deutsche Bank in a research note issued on Wednesday. They currently have a $8.00 target price on the stock, up from their previous target price of $7.50. Deutsche Bank’s price objective would suggest a potential downside of 2.08% from the company’s current price.
Shares of Universal American Corp. (NYSE:UAM) traded up 0.61% during mid-day trading on Wednesday, hitting $8.22. 33,634 shares of the company’s stock traded hands. Universal American Corp. has a one year low of $6.60 and a one year high of $11.13. The stock has a 50-day moving average of $8.1 and a 200-day moving average of $7.4. The company’s market cap is $711.3 million.
Universal American Corp. (NYSE:UAM) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.01. The company had revenue of $512.70 million for the quarter, compared to the consensus estimate of $514.43 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 9.0% on a year-over-year basis. Analysts expect that Universal American Corp. will post $0.20 EPS for the current fiscal year.
Separately, analysts at TheStreet upgraded shares of Universal American Corp. from a “sell” rating to a “hold” rating in a research note on Friday, June 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $8.96.
Universal American Corp., through its health insurance and managed care subsidiaries, primarily serves the growing Medicare population by providing Medicare Advantage products.
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