Cantor Fitzgerald analyst Steven Halper maintained a Buy rating on Tivity Health Inc (TVTY) today and set a price target of $40. The company’s shares opened today at $17.92, close to its 52-week low of $16.25.
Halper commented:
“We rate Tivity Health (TVTY) at 12-month price target of $40. 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 5-star analyst with an average return of 15.9% and a 57.9% 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 $33.67 average 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 $21.34 million.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TVTY in relation to earlier this year.
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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.
