Cantor Fitzgerald analyst Steven Halper reiterated a Buy rating on Tivity Health Inc (TVTY) today and set a price target of $40. The company’s shares opened today at $19.03, close to its 52-week low of $18.99.
Halper said:
“. We reiterate our Overweight rating on TVTY shares and our price target remains $40. the company closed the acquisition of Nutrisystem. In mid-February, the company provided lower-than-expected guidance for both its core business and Nutrisystem. TVTY’s 2019 outlook was negatively affected by a faster-than-expected run-off of UnitedHealth Group (UNH – Overweight) lives at SilverSneakers, and Nutrisystem had a difficult start to the 2019 diet season. That said, investor expectations are extremely low, with the shares trading at 9.0x and 7.3x our 2019 and 2020 combined EPS estimates, respectively. Although investor skepticism remains high, we believe, with over 100% upside potential to our price target, the risk/reward trade-off is attractive.”
According to TipRanks.com, Halper is a 5-star analyst with an average return of 16.6% and a 59.4% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Hms Holdings Corp, and Evolent Health.
Tivity Health Inc has an analyst consensus of Strong Buy, with a price target consensus of $33.67, a 76.9% upside from current levels. In a report issued on February 25, Chardan Capital also maintained a Buy rating on the stock with a $33 price target.
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Based on Tivity Health Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $28.53 million. In comparison, last year the company had a net profit of $8.53 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.
