Stock Worth Watching: After Touching 52-Week High, Is Cotiviti Holdings Inc’s Near-Term Analysis Positive?

Stock Worth Watching: After Touching 52 Week High, Is Cotiviti Holdings Inc's Near Term Analysis Positive?

The stock of Cotiviti Holdings Inc (NYSE:COTV) hit a new 52-week high and has $44.57 target or 28.00% above today’s $34.82 share price. The 5 months bullish chart indicates low risk for the $3.23 billion company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $44.57 price target is reached, the company will be worth $904.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 420,863 shares traded hands or 35.03% up from the average. Cotiviti Holdings Inc (NYSE:COTV) has risen 6.00% since September 3, 2016 and is uptrending. It has underperformed by 6.22% the S&P500.

Analysts await Cotiviti Holdings Inc (NYSE:COTV) to report earnings on November, 8. COTV’s profit will be $22.26M for 36.27 P/E if the $0.24 EPS becomes a reality. After $0.33 actual earnings per share reported by Cotiviti Holdings Inc for the previous quarter, Wall Street now forecasts -27.27% negative EPS growth.

Cotiviti Holdings Inc (NYSE:COTV) Ratings Coverage

Out of 2 analysts covering Cotiviti (NYSE:COTV), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Cotiviti has been the topic of 2 analyst reports since August 11, 2016 according to StockzIntelligence Inc. The stock of Cotiviti Holdings Inc (NYSE:COTV) has “Overweight” rating given on Thursday, August 11 by Barclays Capital. As per Thursday, August 11, the company rating was maintained by Citigroup.

According to Zacks Investment Research, “Cotiviti Holdings, Inc. provides payment processing services. The Company is focused primarily on the healthcare sector. Cotiviti Holdings, Inc. is headquartered in Atlanta, Georgia.”

More notable recent Cotiviti Holdings Inc (NYSE:COTV) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on May 25, 2016, also Businesswire.com with their article: “Cotiviti Holdings, Inc. Announces Completion of Refinancing” published on September 28, 2016, Businesswire.com published: “Cotiviti Holdings, Inc. Announces Pricing of Initial Public Offering” on May 25, 2016. More interesting news about Cotiviti Holdings Inc (NYSE:COTV) were released by: Streetinsider.com and their article: “Cotiviti Holdings, Inc. (COTV) Reports Q2 EPS of $0.37” published on August 09, 2016 as well as Businesswire.com‘s news article titled: “Cotiviti Holdings, Inc. Announces Plans to Refinance Existing Term Loan Facilities” with publication date: September 12, 2016.

COTV Company Profile

Cotiviti Holdings, Inc. is a well-known provider of analytics-driven payment accuracy solutions. The Firm is focused primarily on the healthcare sector. The Company’s integrated solutions help clients manage payment accuracy in healthcare environment. The Firm operates in two divisions: Healthcare, and Global Retail and Other. The Company, through its Healthcare segment, offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States. The Firm also provides analytics solutions unrelated to its healthcare payment accuracy solutions in the United States. The Company, through its Global Retail and Other segment, provides retrospective claims accuracy solutions to retailers primarily in the United States, Canada and the United Kingdom, as well as solutions that manages payment networks for a range of clients.

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