WebMD Health Corp.’s Positive Rating Reaffirmed at Stifel Nicolaus (WBMD)
WebMD Health Corp. (NASDAQ:WBMD)‘s stock had its “positive” rating reiterated by equities researchers at Stifel Nicolaus in a research report issued on Monday. They currently have a $60.00 price objective on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 22.57% from the company’s current price.
In other WebMD Health Corp. news, Chairman Martin J. Wygod unloaded 35,081 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $48.20, for a total value of $1,690,904.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of WebMD Health Corp. (NASDAQ:WBMD) opened at 48.95 on Monday. WebMD Health Corp. has a 52-week low of $28.03 and a 52-week high of $53.30. The stock’s 50-day moving average is $49.39 and its 200-day moving average is $45.45. The company has a market cap of $1.865 billion and a P/E ratio of 71.38.
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. Analysts expect that WebMD Health Corp. will post $0.97 EPS for the current fiscal year.
Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of WebMD Health Corp. in a research note on Wednesday, August 6th. They now have a $57.00 price target on the stock, up previously from $54.00. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $57.00.
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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