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Equities research analysts at Leerink Swann lifted their price objective on shares of Universal American (NYSE:UAM) from $7.50 to $8.00 in a research note issued to investors on Tuesday. Leerink Swann’s target price would suggest a potential downside of 0.37% from the stock’s current price.

Universal American (NYSE:UAM) traded down 0.50% on Tuesday, hitting $7.92. 65,221 shares of the company’s stock traded hands. Universal American has a one year low of $6.60 and a one year high of $8.68. The stock has a 50-day moving average of $8.23 and a 200-day moving average of $7.53. The company’s market cap is $637.3 million.

Universal American (NYSE:UAM) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.05. The company had revenue of $519.00 million for the quarter, compared to the consensus estimate of $499.23 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts expect that Universal American will post $0.16 EPS for the current fiscal year.

UAM has been the subject of a number of other recent research reports. Analysts at Wedbush raised their price target on shares of Universal American from $8.00 to $9.00 in a research note on Thursday, July 31st. Separately, analysts at Zacks downgraded shares of Universal American from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 30th. They now have a $7.60 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Universal American in a research note on Wednesday, July 16th. They now have a $8.00 price target on the stock, up previously from $7.50. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Universal American presently has an average rating of “Hold” and an average target price of $8.92.

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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