After Jefferies and Oppenheimer gave Tivity Health Inc (NASDAQ: TVTY) a Buy rating last month, the company received another Buy, this time from Cantor Fitzgerald. Analyst Steven Halper maintained a Buy rating on Tivity Health Inc today and set a price target of $49. The company’s shares opened today at $36.52.
Halper wrote:
“. We maintain our Overweight rating on TVTY shares and our 12-month price target of $49. In early November, with its 3Q18 results, TVTY provided positive commentary regarding its efforts to increase enrollment. We remind investors that after 2Q18, the company indicated that UnitedHealth Group (UNH, Overweight) will remove SilverSneakers in 11 additional states beginning in 2019. At this juncture, it is probably safe to assume that UNH will move the remaining states (individual MA plans) in 2020. However, it remains to be seen what UNH will do with its group MA plans which have not transitioned away from TVTY.”
According to TipRanks.com, Halper is a top 25 analyst with an average return of 21.3% and a 70.4% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Hms Holdings Corp, and Evolent Health.
Currently, the analyst consensus on Tivity Health Inc is a Strong Buy with an average price target of $45.67, which is a 25.1% upside from current levels. In a report issued on November 6, Oppenheimer also maintained a Buy rating on the stock with a $44 price target.
.
See today’s analyst top recommended stocks >>
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
