In a report released today, Steven Halper from Cantor Fitzgerald reiterated a Buy rating on Tivity Health Inc (TVTY), with a price target of $49. The company’s shares closed on Friday at $40.61.
Halper commented:
“We rate Tivity Health (TVTY) at 12-month price target of $49. Tivity operates the SilverSneakers health and fitness program and the Living businesses. Given its recent investments in its SilverSneakers brand, we expect enrollment growth to accelerate later in 2019. We believe that TVTY can grow revenue in the high-single-digit range with EBITDA margins in excess of 20%. Importantly, we believe that Tivity’s primary business model is very capital efficient, resulting in strong free cash flow conversion.”
According to TipRanks.com, Halper is a top 25 analyst with an average return of 19.5% and a 67.8% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Hms Holdings Corp, and Evolent Health.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tivity Health Inc with a $45.67 average 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.
