The stock of Evolent Health Inc (NYSE:EVH) is a huge mover today! The stock increased 4.99% or $1.17 during the last trading session, hitting $24.62. About 457,121 shares traded hands or 4.10% up from the average. Evolent Health Inc (NYSE:EVH) has risen 137.35% since February 26, 2016 and is uptrending. It has outperformed by 126.92% the S&P500.
The move comes after 5 months positive chart setup for the $1.48 billion company. It was reported on Oct, 1 by Barchart.com. We have $38.16 PT which if reached, will make NYSE:EVH worth $814.00 million more.
Analysts await Evolent Health Inc (NYSE:EVH) to report earnings on November, 3. They expect $-0.13 earnings per share, up 18.75% or $0.03 from last year’s $-0.16 per share. After $-0.25 actual earnings per share reported by Evolent Health Inc for the previous quarter, Wall Street now forecasts -48.00% EPS growth.
Evolent Health Inc (NYSE:EVH) Ratings Coverage
Out of 6 analysts covering Evolent Health (NYSE:EVH), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Evolent Health has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. On Friday, August 5 the stock rating was maintained by FBR Capital with “Outperform”. JP Morgan maintained it with “Overweight” rating and $19 target price in Monday, March 14 report. On Wednesday, January 6 the stock rating was initiated by Canaccord Genuity with “Buy”. On Tuesday, March 29 the stock rating was initiated by FBR Capital with “Outperform”. The stock of Evolent Health Inc (NYSE:EVH) earned “Buy” rating by Jefferies on Tuesday, July 26.
According to Zacks Investment Research, “Evolent Health, Inc. is involved in the healthcare delivery and payment markets. The company provides technology-enabled services platform for providers to transition their organization in value-based payment models. Evolent Health, Inc. is based in Arlington, Virginia.”
More notable recent Evolent Health Inc (NYSE:EVH) news were published by: Prnewswire.com which released: “Evolent Health, Inc. Announces Pricing of Upsized Secondary Public Offering of …” on September 07, 2016, also Prnewswire.com with their article: “Evolent Health, Inc. Announces Launch of Secondary Public Offering of Class A …” published on September 06, 2016, Prnewswire.com published: “Evolent Health to Acquire Valence Health, Extending Breadth and Depth of Value …” on July 13, 2016. More interesting news about Evolent Health Inc (NYSE:EVH) were released by: Prnewswire.com and their article: “Evolent Health Partners with St. Luke’s Health Partners to Enhance Care …” published on August 04, 2016 as well as Prnewswire.com‘s news article titled: “Evolent Health Announces Fourth Quarter and Full Year 2015 Results” with publication date: February 25, 2016.
EVH Company Profile
Evolent Health, Inc., incorporated December 12, 2014, supports integrated health systems in their migration towards value care and population health management. The Company’s services include providing clients with a population management platform, integrated data and analytics capabilities, pharmacy benefit management (PBM) services and health plan administration services. Together these services enable health systems to manage patients’ health.
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