Stock On Watch: After Today’s Significant Increase, Is Evolent Health Inc’s Near-Term Analysis Positive?

Stock On Watch: After Today's Significant Increase, Is Evolent Health Inc's Near Term Analysis Positive?

The stock of Evolent Health Inc (NYSE:EVH) is a huge mover today! About 601,902 shares traded hands or 10.31% up from the average. Evolent Health Inc (NYSE:EVH) has risen 46.57% since April 14, 2016 and is uptrending. It has outperformed by 41.88% the S&P500.
The move comes after 9 months positive chart setup for the $1.15B company. It was reported on Nov, 16 by Barchart.com. We have $29.05 PT which if reached, will make NYSE:EVH worth $759.00 million more.

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 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. FBR Capital maintained Evolent Health Inc (NYSE:EVH) rating on Friday, August 5. FBR Capital has “Outperform” rating and $26 price target. The rating was maintained by JP Morgan with “Overweight” on Monday, March 14. The stock of Evolent Health Inc (NYSE:EVH) earned “Outperform” rating by FBR Capital on Tuesday, March 29. The stock of Evolent Health Inc (NYSE:EVH) has “Buy” rating given on Wednesday, January 6 by Canaccord Genuity. JP Morgan reinitiated the stock with “Overweight” rating in Friday, October 28 report. The company was initiated on Tuesday, July 26 by Jefferies.

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 Announces Third Quarter 2016 Results” on November 09, 2016, also Bizjournals.com with their article: “Evolent Health completes acquisition of Chicago-based health care IT company …” published on October 04, 2016, Prnewswire.com published: “Evolent Health, Inc. Announces Pricing of Upsized Secondary Public Offering of …” on September 09, 2016. More interesting news about Evolent Health Inc (NYSE:EVH) were released by: Prnewswire.com and their article: “Evolent Health, Inc. to Release Third Quarter Operating Results and Host …” published on October 06, 2016 as well as Bizjournals.com‘s news article titled: “Evolent Health to acquire Chicago competitor for $145 million” with publication date: July 13, 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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