Mizuho Reiterates Buy Rating for WebMD Health Corp. (WBMD)
WebMD Health Corp. (NASDAQ:WBMD)‘s stock had its “buy” rating reiterated by investment analysts at Mizuho in a note issued to investors on Monday. They presently have a $63.00 target price on the stock, down from their previous target price of $68.00. Mizuho’s target price indicates a potential upside of 28.83% from the company’s current price.
Several other brokerages have also commented on WBMD. Vetr lowered shares of WebMD Health Corp. from a “buy” rating to a “hold” rating and set a $67.25 price target on the stock. in a research note on Monday, May 23rd. KeyCorp reiterated a “buy” rating and issued a $74.00 price target on shares of WebMD Health Corp. in a research note on Sunday, May 22nd. William Blair lowered shares of WebMD Health Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, June 3rd. They noted that the move was a valuation call. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of WebMD Health Corp. in a research note on Wednesday, June 22nd. Finally, Zacks Investment Research lowered shares of WebMD Health Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. WebMD Health Corp. has a consensus rating of “Buy” and a consensus price target of $64.79.
WebMD Health Corp. (NASDAQ:WBMD) opened at 48.90 on Monday. The firm has a market capitalization of $1.84 billion, a PE ratio of 30.11 and a beta of 0.70. The firm’s 50-day moving average is $53.16 and its 200-day moving average is $59.33. WebMD Health Corp. has a 52-week low of $37.89 and a 52-week high of $67.55.
WebMD Health Corp. (NASDAQ:WBMD) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $167.60 million for the quarter, compared to analyst estimates of $165.46 million. WebMD Health Corp. had a net margin of 11.05% and a return on equity of 40.02%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. On average, analysts anticipate that WebMD Health Corp. will post $1.82 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of WBMD. Meeder Asset Management Inc. purchased a new position in WebMD Health Corp. during the first quarter worth $115,000. LS Investment Advisors LLC purchased a new position in WebMD Health Corp. during the second quarter worth $134,000. BlackRock Inc. raised its position in WebMD Health Corp. by 131.1% in the first quarter. BlackRock Inc. now owns 2,491 shares of the company’s stock worth $156,000 after buying an additional 1,413 shares during the period. Parametrica Management Ltd purchased a new position in WebMD Health Corp. during the first quarter worth $203,000. Finally, Tower Research Capital LLC TRC raised its position in WebMD Health Corp. by 11,003.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,553 shares of the company’s stock worth $207,000 after buying an additional 3,521 shares during the period. Hedge funds and other institutional investors own 84.83% of the company’s stock.
About WebMD Health Corp.
WebMD Health Corp. is a provider of health information services. The Company provides its services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications. The WebMD Health Network includes: www.WebMD.com, its primary public portal for consumers and related mobile-optimized sites and mobile apps; www.Medscape.com, its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which, the Company provides its branded health and wellness content, tools and services.
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