Oppenheimer Remains a Buy on Tivity Health Inc

In a report released today, Mohan Naidu from Oppenheimer maintained a Buy rating on Tivity Health Inc (NASDAQ: TVTY), with a price target of $50. The company’s shares closed on Friday at $33.90.

Naidu said:

“Tivity’s Investor Day focused on the path to growing current enrollment and utilization along with new services to expand current offerings. Mgmt. opined that UNH might take some more markets away from TVTY but laid out plans to grow enrollment from the current 3.7M members to 5M by the end of 2020, irrespective of the UNH decision. Addressing some concerns from a recent short report, mgmt., expressed confidence in current CY18 guidance on a strong recovery in April and May utilization. and also expected growth in CY19. UNH’s contract will continue to be an overhang on the stock, as well as traction from recent investments to drive awareness, enrollment and ultimately utilization.”

According to TipRanks.com, Naidu is a 5-star analyst with an average return of 10.5% and a 56.7% success rate. Naidu covers the Services sector, focusing on stocks such as Hms Holdings Corp, Express Scripts, and Evolent Health.

Currently, the analyst consensus on Tivity Health Inc is Strong Buy and the average price target is $48.83, representing a 44.0% upside.

In a report released today, Chardan Capital also upgraded the stock to Buy with a $42 price target.

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Tivity Health Inc’s market cap is currently $1.35B and has a P/E ratio of 22.65. The company has a Price to Book ratio of 4.59.

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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.