Canadian Imperial Bank of Commerce Forecasts Strong Price Appreciation for WELL Health Technologies (TSE:WELL) Stock

WELL Health Technologies (TSE:WELL) had its target price raised by equities researchers at Canadian Imperial Bank of Commerce from C$5.50 to C$6.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s price objective points to a potential upside of 23.71% from the company’s previous close.

Several other research firms have also recently issued reports on WELL. Scotiabank reduced their target price on WELL Health Technologies from C$7.00 to C$6.50 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Stifel Nicolaus boosted their target price on WELL Health Technologies from C$8.00 to C$8.25 and gave the company a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, WELL Health Technologies has an average rating of “Buy” and an average target price of C$6.92.

WELL Health Technologies Trading Down 0.6%

Shares of WELL traded down C$0.03 during mid-day trading on Wednesday, hitting C$4.85. 1,698,436 shares of the company’s stock traded hands, compared to its average volume of 1,505,664. The company has a quick ratio of 1.02, a current ratio of 0.83 and a debt-to-equity ratio of 91.15. WELL Health Technologies has a 1 year low of C$3.58 and a 1 year high of C$6.08. The firm has a market capitalization of C$1.24 billion, a P/E ratio of 44.09, a PEG ratio of -1.93 and a beta of 0.87. The business’s 50-day moving average price is C$4.06 and its 200-day moving average price is C$4.05.

WELL Health Technologies (TSE:WELL) last posted its earnings results on Thursday, May 7th. The company reported C$0.06 earnings per share (EPS) for the quarter. WELL Health Technologies had a return on equity of 3.15% and a net margin of 1.82%.The firm had revenue of C$368.26 million for the quarter. As a group, sell-side analysts forecast that WELL Health Technologies will post 0.3000698 EPS for the current fiscal year.

About WELL Health Technologies

WELL Health Technologies Corp is the owner and operator of a portfolio of Primary Hclinics delivering healthcare-related services It operates through below segments: clinical operations and allied health, Electronic medical record (EMR), Billing and revenue cycle management solutions, Digital apps, Cybersecurity, CRH, MyHealth, and corporate/shared services. Its segments are grouped in three divisions; Omni-channel Patient Services – Primary includes clinical operations and allied health. Omni-channel Patient Services – Specialized comprises CRH and MyHealth under two segments.