KeyBanc Starts HMS Holdings (HMSY) at Sector Weight

KeyBanc analyst Donald Hooker initiates coverage on HMS Holdings (NASDAQ: HMSY) with a Sector Weight rating.

The analyst commented, "We are initiating coverage on HMSY as a potential way for investors to participate in the increasing use of artificial intelligence and robotic process automation to reduce payment errors and fraud in U.S. healthcare and improve population health management. Also, HMSY generates ~80% of its revenue from Medicaid programs, further giving the Company a somewhat recessionresistant profile. However, HMSY is trading at ~14.7x 2020 EBITDA, which seems fairly valued vs our outlook of ~7%-8% consolidated revenue growth."

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 $31.86 yesterday.

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