Jefferies Boosts PT on HMS Holdings (HMSY), Remains Top Pick

January 14, 2013 3:18 PM EST
Get Alerts HMSY Hot Sheet
Price: $17.76 -0.22%

Rating Summary:
    7 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
Trade HMSY Now!
Join SI Premium – FREE
Jefferies lifted its price target on HMS Holdings (NASDAQ: HMSY) Monday from $29 to $34 following meetings with CFO Walter Hosp.

The stock remains their Top Pick in the sector given: (1) positive thematic momentum through 2013 with its growth leveraged to Medicaid expansion; (2) conservative 2013 guidance; (3) accelerating growth in '14 and '15; and (4) considerable investor interest in the stock.

The firm raised FY12 EPS from $0.97 to $0.98 and FY13 EPS $1.29 to $1.31.

With the Q4 consensus dropping since their upgrade, lower expectations are discounted in the stock, the firm notes.

For an analyst ratings summary and ratings history on HMS Holdings click here. For more ratings news on HMS Holdings click here.

Shares of HMS Holdings closed at $27.88 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment