Barclays PLC Analysts Give Cotiviti Holdings Inc (COTV) a $36.00 Price Target
A number of other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of Cotiviti Holdings in a report on Friday, October 28th. They issued an overweight rating for the company. Zacks Investment Research raised shares of Cotiviti Holdings from a hold rating to a buy rating and set a $37.00 price objective for the company in a report on Wednesday, October 19th. First Analysis began coverage on shares of Cotiviti Holdings in a report on Monday, October 10th. They issued an overweight rating for the company. Citigroup Inc. lifted their price objective on shares of Cotiviti Holdings from $21.00 to $29.00 and gave the company a neutral rating in a report on Thursday, August 11th. Finally, SunTrust Banks Inc. set a $33.00 price objective on shares of Cotiviti Holdings and gave the company a buy rating in a report on Thursday, August 11th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $29.25.
Cotiviti Holdings (NASDAQ:COTV) opened at 32.96 on Thursday. Cotiviti Holdings has a 12-month low of $17.00 and a 12-month high of $36.44. The firm’s 50 day moving average is $32.90 and its 200 day moving average is $27.44. The company has a market cap of $2.97 billion and a P/E ratio of 84.30.
Cotiviti Holdings (NASDAQ:COTV) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The firm earned $156.20 million during the quarter, compared to analysts’ expectations of $151.40 million. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. Equities research analysts anticipate that Cotiviti Holdings will post $1.35 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new position in Cotiviti Holdings during the second quarter valued at $123,000. American International Group Inc. bought a new stake in Cotiviti Holdings during the second quarter worth about $154,000. BlackRock Inc. bought a new stake in Cotiviti Holdings during the second quarter worth about $164,000. Nationwide Fund Advisors bought a new stake in Cotiviti Holdings during the second quarter worth about $180,000. Finally, Barclays PLC bought a new stake in Cotiviti Holdings during the second quarter worth about $180,000.
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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