Catamaran Corp Receives Consensus Rating of “Hold” from Analysts (NASDAQ:CTRX)
Shares of Catamaran Corp (NASDAQ:CTRX) have been given an average recommendation of “Hold” by the sixteen analysts that are covering the company, American Banking News.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $53.33.
A number of research firms have recently commented on CTRX. Analysts at Barclays reiterated an “equal weight” rating on shares of Catamaran Corp in a research note on Monday. They now have a $50.00 price target on the stock, up previously from $47.00. Separately, analysts at Maxim Group reiterated a “buy” rating on shares of Catamaran Corp in a research note on Monday. Finally, analysts at Cowen and Company raised their price target on shares of Catamaran Corp from $54.00 to $56.00 in a research note on Monday. They now have an “outperform” rating on the stock.
Shares of Catamaran Corp (NASDAQ:CTRX) traded down 3.65% on Monday, hitting $43.25. The stock had a trading volume of 549,441 shares. Catamaran Corp has a 52 week low of $36.98 and a 52 week high of $58.73. The stock has a 50-day moving average of $44.24 and a 200-day moving average of $44.8. The company has a market cap of $8.971 billion and a P/E ratio of 33.01.
Catamaran Corp (NASDAQ:CTRX) last announced its earnings results on Friday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 57.6% on a year-over-year basis. Analysts expect that Catamaran Corp will post $2.20 EPS for the current fiscal year.
Catamaran Corporation (NASDAQ:CTRX), formerly SXC Health Solutions Corp.
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