Canaccord Genuity Starts MAXIMUS, Inc. (MMS) at Hold

(Updated at 1.55 PM)

Canaccord Genuity initiated coverage on MAXIMUS, Inc. (NYSE: MMS) with a Hold rating and a price target of $65.

Analyst Richard Close said, "The LTM share performance, low-to-high, was +80% with MMS currently just 11% below its peak. The stout performance was driven by M&A and significant wins (new and rebids) that led to another year of above-average 20%+ revenue growth (vs. initial 8-10% guide). We are favorably disposed to MAXIMUS given its demonstrated leadership in government programs business process outsourcing (BPO) both in the U.S. and internationally; however, we believe that the share price fully reflects the positives and that failure to beat high expectations and raise FY16 guidance could collar the stock."

For an analyst ratings summary and ratings history on MAXIMUS, Inc. click here. For more ratings news on MAXIMUS, Inc. click here.

Shares of MAXIMUS, Inc. closed at $63.31 yesterday.

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