After Oppenheimer and Barrington gave Tivity Health Inc (NASDAQ: TVTY) a Buy rating last month, the company received another Buy, this time from Cantor Fitzgerald. Analyst Steven Halper reiterated a Buy rating on Tivity Health Inc today and set a price target of $40. The company’s shares opened today at $21.09, close to its 52-week low of $20.41.
Halper said:
“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 top 100 analyst with an average return of 19.0% and a 63.2% 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, implying a 59.6% upside from current levels. In a report issued on February 20, Barrington also maintained a Buy rating on the stock with a $40 price target.
See today’s analyst top recommended stocks >>
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.
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.
