Oppenheimer Maintains an 'Outperform' on Humana (HUM); Still Buying Opportunity
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Price: $389.05 +1.06%
Rating Summary:
15 Buy, 19 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 19 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Oppenheimer maintains an 'Outperform' on Humana (NYSE: HUM) price target of $83.00.
Analyst, Michael Wiederhorn, said, "Although HUM has rebounded off its post-Q2 lows, the stock remains depressed relative to historical norms due to the company's cautious tone around its individual MA business. This was due to greater than expected new member costs and a mix shift toward this higher cost group. However, we believe the softer margins in 2012 create a compelling buying opportunity in the stock, as the company should recover some of this lost margin through a more conservative bidding strategy in 2013. Overall, we continue to favor this name and believe the discounted multiple presents an attractive entry point, especially due to HUM's robust long-term growth prospects."
For an analyst ratings summary and ratings history on Humana click here. For more ratings news on Humana click here.
Shares of Humana closed at $69.72 yesterday.
Analyst, Michael Wiederhorn, said, "Although HUM has rebounded off its post-Q2 lows, the stock remains depressed relative to historical norms due to the company's cautious tone around its individual MA business. This was due to greater than expected new member costs and a mix shift toward this higher cost group. However, we believe the softer margins in 2012 create a compelling buying opportunity in the stock, as the company should recover some of this lost margin through a more conservative bidding strategy in 2013. Overall, we continue to favor this name and believe the discounted multiple presents an attractive entry point, especially due to HUM's robust long-term growth prospects."
For an analyst ratings summary and ratings history on Humana click here. For more ratings news on Humana click here.
Shares of Humana closed at $69.72 yesterday.
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