Jefferies Maintains a 'Hold' on athenahealth (ATHN); Raising Estimates & Price Target
Tweet Send to a FriendGet Alerts ATHN Hot Sheet
Price: $90.29 +1.98%
Rating Summary:
7 Buy, 12 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
7 Buy, 12 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade ATHN Now!
Jefferies maintains a 'Hold' on athenahealth (NASDAQ: ATHN) price target of $85.00 (from $75.00).
Analyst, David Windley, said, "2Q12 EPS loses some luster after adjusting for the reversal of earn-out accruals; comparable EPS is ~$0.03 lower than represented in the print, falling shy of consensus. Those looking for cracks in the growth facade may notice early signs of pricing pressure. Our analysis suggests we are a couple of quarters into a deterioration. On a positive note, the recent HMA win validates ATHN's ability to compete in the "replacement" market."
Raises Sept qtr from $0.24 to $0.25, FY12 EPS estimate from $0.91 to $0.96.
For an analyst ratings summary and ratings history on athenahealth click here. For more ratings news on athenahealth click here.
Shares of athenahealth closed at $92.97 yesterday, with a 52 week range of $40.79-$97.25.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, David Windley, said, "2Q12 EPS loses some luster after adjusting for the reversal of earn-out accruals; comparable EPS is ~$0.03 lower than represented in the print, falling shy of consensus. Those looking for cracks in the growth facade may notice early signs of pricing pressure. Our analysis suggests we are a couple of quarters into a deterioration. On a positive note, the recent HMA win validates ATHN's ability to compete in the "replacement" market."
Raises Sept qtr from $0.24 to $0.25, FY12 EPS estimate from $0.91 to $0.96.
For an analyst ratings summary and ratings history on athenahealth click here. For more ratings news on athenahealth click here.
Shares of athenahealth closed at $92.97 yesterday, with a 52 week range of $40.79-$97.25.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Oppenheimer Upgrades GameStop (GME) to Outperform
- Goldman Sachs Resumes / Downgrades Seadrill Ltd. (SDRL) to Neutral
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
