In a report released today, George Hill from Deutsche Bank maintained a Buy rating on Healthequity (HQY), with a price target of $57.00. The company’s shares closed last Monday at $42.02, close to its 52-week low of $36.48.
According to TipRanks.com, Hill is a 4-star analyst with an average return of 1.4% and a 43.0% success rate. Hill covers the Services sector, focusing on stocks such as AmerisourceBergen, Molina Healthcare, and Cardinal Health.
Healthequity has an analyst consensus of Strong Buy, with a price target consensus of $63.75, implying a 55.8% upside from current levels. In a report issued on March 11, Wells Fargo also maintained a Buy rating on the stock with a $71.00 price target.
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Based on Healthequity’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $190K. In comparison, last year the company had a net profit of $13.12 million.
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HealthEquity, Inc. provides range of solutions for managing health care accounts. The firm’s offers its solutions for employers, health planbs, brokers, consultants and financial advisors.
