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Catamaran Corp (NASDAQ:CTRX) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 2,529,384 shares, a decline of 25.0% from the July 15th total of 3,374,723 shares, AnalystRatings.Net reports. Approximately 1.2% of the company’s stock are sold short. Based on an average trading volume of 1,297,641 shares, the short-interest ratio is presently 1.9 days.

Several analysts have recently commented on the stock. Analysts at FBR Capital Markets initiated coverage on shares of Catamaran Corp in a research note on Monday. They set an “outperform” rating and a $52.00 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Catamaran Corp in a research note on Monday, August 4th. They now have a $50.00 price target on the stock, up previously from $47.00. Finally, analysts at Maxim Group reiterated a “buy” rating on shares of Catamaran Corp in a research note on Monday, August 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $53.20.

Catamaran Corp (NASDAQ:CTRX) opened at 45.59 on Friday. Catamaran Corp has a 1-year low of $36.98 and a 1-year high of $56.79. The stock’s 50-day moving average is $44.41 and its 200-day moving average is $44.52. The company has a market cap of $9.456 billion and a P/E ratio of 33.02.

Catamaran Corp (NASDAQ:CTRX) last announced its earnings results on Friday, August 1st. The company reported $0.54 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.49 earnings per share. Catamaran Corp’s revenue was up 57.6% compared to the same quarter last year. Analysts expect that Catamaran Corp will post $2.21 EPS for the current fiscal year.

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

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