In a report released today, Steven Halper from Cantor Fitzgerald reiterated a Buy rating on Tivity Health Inc (TVTY), with a price target of $40. The company’s shares opened today at $22.55.
Halper said:
“. We reiterate our Overweight rating on TVTY shares and maintain our price target at $40. After the market close on Tivity will announce 1Q19 results. With the acquisition of Nutrisystem completed in early March, perhaps management will provide commentary on potential revenue synergies. As we have noted in our Nutrition Deep Dive, we believe the merger should generate significant synergies over time. We also continue to see the value in the addition of Nutrisystem, given the increasing focus on social determinants of health (SDH), such as nutrition and food insecurity, among health plans.”
According to TipRanks.com, Halper is a top 100 analyst with an average return of 17.2% and a 64.3% 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 $33.14, a 47.0% upside from current levels. In a report issued on April 25, Oppenheimer also assigned a Buy rating to the stock with a $31 price target.
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The company has a one-year high of $41.46 and a one-year low of $16.25. Currently, Tivity Health Inc has an average volume of 1.21M.
Based on the recent corporate insider activity of 36 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.
