BioScrip Inc (BIOS) Receives a Buy from Barrington
Barrington analyst Michael Petusky maintained a Buy rating on BioScrip Inc (BIOS) today and set a price target of $4. The company’s shares closed on Friday at $2.78.
“We suspect that additional cost synergies may be possible as well as longer-term revenue synergies.”
According to TipRanks.com, Petusky is a 4-star analyst with an average return of 4.2% and a 51.2% success rate. Petusky covers the Healthcare sector, focusing on stocks such as Anika Therapeutics Inc, Varian Medical Systems, and Merit Medical Systems.
BioScrip Inc has an analyst consensus of Hold, with a price target consensus of $3.50.
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Based on BioScrip Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $15.36 million. In comparison, last year the company had a GAAP net loss of $1.46 million.
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BioScrip, Inc. engages in the provision of home infusion and home care management solutions. It partners with physicians, hospital systems, skilled nursing facilities, healthcare payors, and pharmaceutical manufacturers to provide patients access to post-acute care services. The company was founded in 1996 and is headquartered in Denver, CO.