Share on StockTwits

Catamaran Corp (NASDAQ:CTRX)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Barclays in a research note issued to investors on Monday. They currently have a $50.00 target price on the stock, up from their previous target price of $47.00. Barclays’ target price points to a potential upside of 11.38% from the company’s current price.

A number of other analysts have also recently weighed in on CTRX. Analysts at Maxim Group reiterated a “buy” rating on shares of Catamaran Corp in a research note on Monday. 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Catamaran Corp currently has a consensus rating of “Hold” and a consensus target price of $53.33.

Shares of Catamaran Corp (NASDAQ:CTRX) traded down 2.09% on Monday, hitting $43.95. The stock had a trading volume of 295,740 shares. Catamaran Corp has a 52 week low of $36.98 and a 52 week high of $58.73. The stock’s 50-day moving average is $44.24 and its 200-day moving average is $44.8. The company has a market cap of $9.116 billion and a price-to-earnings ratio of 33.01.

Catamaran Corp (NASDAQ:CTRX) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 57.6% on a year-over-year basis. On average, analysts predict that Catamaran Corp will post $2.20 earnings per share for the current fiscal year.

Catamaran Corporation (NASDAQ:CTRX), formerly SXC Health Solutions Corp.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.