Jefferies Upgrades HMS Holdings (HMSY) to Buy, Bottom Near
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Price: $25.59 +0.67%
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade HMSY Now!
Jefferies upgraded HMS Holdings (NASDAQ: HMSY) from Hold to Buy with a price target of $29.00 (from $21.50).
The firm comments, "We believe management has guided '13 with adequate conservatism, after misses in 2012. We are more optimistic on the positive impact of Medicaid expansion in 2014/15 and the high likelihood of Medicare RAC reprocurement. The remaining issue, a potentially soft 4Q, is being telegraphed and discounted in the stock. With HMSY down 40% from mid-'12 highs, investors should look to buy, with 4Q providing maybe a brief lower level."
The firm raised FY12 EPS from $0.90 to $0.97.
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 $22.61 yesterday, with a 52 week range of $18.50-$37.19.
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The firm comments, "We believe management has guided '13 with adequate conservatism, after misses in 2012. We are more optimistic on the positive impact of Medicaid expansion in 2014/15 and the high likelihood of Medicare RAC reprocurement. The remaining issue, a potentially soft 4Q, is being telegraphed and discounted in the stock. With HMSY down 40% from mid-'12 highs, investors should look to buy, with 4Q providing maybe a brief lower level."
The firm raised FY12 EPS from $0.90 to $0.97.
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 $22.61 yesterday, with a 52 week range of $18.50-$37.19.
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