Barclays Maintains an 'Overweight' on Health Management (HMA); Takeaways From Barclays Global Health Care Conference
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Price: $10.54 --0%
Rating Summary:
4 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Overweight' on Health Management (NYSE: HMA) price target of $8.00.
Analyst, Adam Feinstein, highlights included: 1) The Tennova acquisition in Knoxville is performing better than HMA had initially expected; 2) HMA has acquired $1.3 billion in revenue over the past two years, representing approximately 20% of the company's revenue, and the margin ramp at these facilities provides good visibility into EBITDA growth; 3) HMA provided some helpful clarity on their year-end cash and payables balance, which we also confirmed in our review of the company's 10-K - we believe this is a non-event with the change in cash being offset by a change on the payables line."
For an analyst ratings summary and ratings history on Health Management click here. For more ratings news on Health Management click here.
Shares of Health Management closed at $7.14 yesterday.
Analyst, Adam Feinstein, highlights included: 1) The Tennova acquisition in Knoxville is performing better than HMA had initially expected; 2) HMA has acquired $1.3 billion in revenue over the past two years, representing approximately 20% of the company's revenue, and the margin ramp at these facilities provides good visibility into EBITDA growth; 3) HMA provided some helpful clarity on their year-end cash and payables balance, which we also confirmed in our review of the company's 10-K - we believe this is a non-event with the change in cash being offset by a change on the payables line."
For an analyst ratings summary and ratings history on Health Management click here. For more ratings news on Health Management click here.
Shares of Health Management closed at $7.14 yesterday.
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