In a report released today, Michael Petusky from Barrington maintained a Buy rating on Tivity Health Inc (TVTY), with a price target of $50. The company’s shares closed yesterday at $27.65, close to its 52-week low of $25.93.
Petusky observed:
“We would add that the fast-growing South Beach (low carb) brand within the current Nutrisystem asset is also quite meaningful. In fact, we think this piece of NTRI may be best-positioned to grow at above-average rates going forward; 2) The DTC marketing expertise that Nutrisystem can bring to Tivity’s new initiative to utilize television to raise awareness of the SS program among The millions of SS and Prime fitness members that can now be connected to NTRI’s product offerings through their relationship to TVTY; 4) The opportunity for Tivity to argue its case for the reimbursement of nutrition/fitness combination plans with proven track records.”
According to TipRanks.com, Petusky is a 5-star analyst with an average return of 12.5% and a 57.1% success rate. Petusky covers the Healthcare sector, focusing on stocks such as Anika Therapeutics Inc, Varian Medical Systems, and Merit Medical Systems.
Tivity Health Inc has an analyst consensus of Strong Buy, with a price target consensus of $44, implying a 59.1% upside from current levels. In a report released yesterday, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $49 price target.
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Based on Tivity Health Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $25.36 million. In comparison, last year the company had a net profit of $21.18 million.
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Tivity Health, Inc. engages in the development and provision of network solutions and health management services. It offers rehabilitative therapy, chiropractic procedure, alternative medicines, and health and fitness programs under the SilverSneakers, Prime Fitness, and WholeHealth Living trademarks.
