Cantor Fitzgerald Starts Coventry Health Care (CVH) at Buy; Expect Increase in Enrollments and Revenues
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Price: $49.99 --0%
Rating Summary:
1 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Cantor Fitzgerald initiates coverage on Coventry Health Care (NYSE: CVH) with a Buy. PT $38.00.
Cantor analyst says, "The return of former CEO Allen Wise has transformed Coventry with new management and a focus on the company's core businesses and its customers. Acquisitions and RFP wins have bulked up Medicaid; new products are restoring the Medicare PDP book; and commercial risk is growing again after years of disappointment. Despite these achievements, the stock trades at a valuation less than its five-year average Acquisitions and an RFP win will drive Coventry's Medicaid business in 2012. We expect its enrollment to increase from 667,000 lives to 867,000, and we expect its revenue to increase from $1.4 billion to $2.4 billion."
For an analyst ratings summary and ratings history on Coventry Health Care click here. For more ratings news on Coventry Health Care click here.
Shares of Coventry Health Care closed at $30.16 yesterday.
Cantor analyst says, "The return of former CEO Allen Wise has transformed Coventry with new management and a focus on the company's core businesses and its customers. Acquisitions and RFP wins have bulked up Medicaid; new products are restoring the Medicare PDP book; and commercial risk is growing again after years of disappointment. Despite these achievements, the stock trades at a valuation less than its five-year average Acquisitions and an RFP win will drive Coventry's Medicaid business in 2012. We expect its enrollment to increase from 667,000 lives to 867,000, and we expect its revenue to increase from $1.4 billion to $2.4 billion."
For an analyst ratings summary and ratings history on Coventry Health Care click here. For more ratings news on Coventry Health Care click here.
Shares of Coventry Health Care closed at $30.16 yesterday.
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