WebMD Health Corp. Rating Reiterated by Raymond James (WBMD)
WebMD Health Corp. (NASDAQ:WBMD)‘s stock had its “strong-buy” rating reaffirmed by equities researchers at Raymond James in a research report issued on Wednesday. They currently have a $57.00 price objective on the stock, up from their previous price objective of $54.00. Raymond James’ price objective points to a potential upside of 16.30% from the company’s current price.
Shares of WebMD Health Corp. (NASDAQ:WBMD) traded up 2.25% during mid-day trading on Wednesday, hitting $49.03. 1,914,580 shares of the company’s stock traded hands. WebMD Health Corp. has a 52-week low of $28.03 and a 52-week high of $53.30. The stock has a 50-day moving average of $49.7 and a 200-day moving average of $45.35. The company has a market cap of $1.882 billion and a P/E ratio of 98.26. WebMD Health Corp. also was the recipient of unusually large options trading on Tuesday. Traders acquired 1,315 call options on the stock. This represents an increase of approximately 538% compared to the typical volume of 206 call options.
WebMD Health Corp. (NASDAQ:WBMD) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.04. The company had revenue of $140.40 million for the quarter, compared to the consensus estimate of $139.95 million. During the same quarter last year, the company posted $0.05 earnings per share. WebMD Health Corp.’s revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that WebMD Health Corp. will post $0.87 earnings per share for the current fiscal year.
A number of other firms have also recently commented on WBMD. Analysts at Zacks upgraded shares of WebMD Health Corp. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 8th. They now have a $53.10 price target on the stock. Analysts at Stifel Nicolaus upgraded shares of WebMD Health Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 2nd. They now have a $60.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. WebMD Health Corp. presently has an average rating of “Buy” and an average price target of $56.35.
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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