WebMD Health Corp. Stock Rating Lowered by Zacks (WBMD)
WebMD Health Corp. (NASDAQ:WBMD) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday. They currently have a $55.10 target price on the stock. Zacks‘s target price points to a potential upside of 13.96% from the company’s current price.
Shares of WebMD Health Corp. (NASDAQ:WBMD) traded down 0.39% on Tuesday, hitting $48.16. 275,178 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 $49.07 and a 200-day moving average of $45.53. The company has a market cap of $1.835 billion and a P/E ratio of 71.10.
WebMD Health Corp. (NASDAQ:WBMD) last announced its earnings results on Tuesday, August 5th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts predict that WebMD Health Corp. will post $0.97 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “positive” rating on shares of WebMD Health Corp. in a research note on Monday, August 25th. They now have a $60.00 price target on the stock. 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. WebMD Health Corp. currently has a consensus rating of “Buy” and an average target price of $56.68.
In other WebMD Health Corp. news, Director Mark J. Md Adler unloaded 2,334 shares of WebMD Health Corp. stock on the open market in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $49.16, for a total value of $114,739.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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