Cotiviti Holdings Inc (COTV) Earns Overweight Rating from Analysts at First Analysis
Equities researchers at First Analysis began coverage on shares of Cotiviti Holdings Inc (NASDAQ:COTV) in a report released on Monday. The firm set an “overweight” rating on the stock.
Several other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Cotiviti Holdings from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a report on Monday, August 22nd. SunTrust Banks Inc. set a $33.00 target price on shares of Cotiviti Holdings and gave the stock a “buy” rating in a report on Thursday, August 11th. Credit Suisse Group AG started coverage on shares of Cotiviti Holdings in a report on Monday, June 20th. They issued an “outperform” rating and a $25.00 target price on the stock. Citigroup Inc. boosted their target price on shares of Cotiviti Holdings from $21.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. Finally, Barclays PLC boosted their target price on shares of Cotiviti Holdings from $22.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.25.
Shares of Cotiviti Holdings (NASDAQ:COTV) traded up 0.59% during midday trading on Monday, reaching $34.04. 36,553 shares of the company’s stock were exchanged. Cotiviti Holdings has a 12-month low of $17.00 and a 12-month high of $35.54. The stock has a market cap of $3.07 billion and a PE ratio of 127.97. The stock’s 50 day moving average is $32.24 and its 200-day moving average is $26.12.
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Cotiviti Holdings (NASDAQ:COTV) last released its earnings results on Tuesday, August 9th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.30 by $0.07. The company earned $158.30 million during the quarter, compared to analysts’ expectations of $146.68 million. Cotiviti Holdings’s revenue was up 18.8% compared to the same quarter last year. On average, equities analysts expect that Cotiviti Holdings will post $1.30 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Cohen Capital Management Inc. purchased a new position in Cotiviti Holdings during the second quarter worth $3,017,000. Eagle Asset Management Inc. purchased a new position in Cotiviti Holdings during the second quarter worth $27,976,000. American Century Companies Inc. purchased a new position in Cotiviti Holdings during the second quarter worth $7,109,000. Bank of New York Mellon Corp purchased a new position in Cotiviti Holdings during the second quarter worth $505,000. Finally, Ngam Advisors L.P. purchased a new position in Cotiviti Holdings during the second quarter worth $3,203,000.
About Cotiviti Holdings
Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company is focused primarily on the healthcare sector. The Company’s integrated solutions help clients manage payment accuracy in healthcare environment. The Company operates in two segments: Healthcare, and Global Retail and Other.
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