The stock of Healthequity Inc (NASDAQ:HQY) reached all time high today, Nov, 29 and still has $47.72 target or 9.00% above today’s $43.78 share price. This indicates more upside for the $2.59 billion company. This technical setup was reported by Barchart.com. If the $47.72 PT is reached, the company will be worth $233.10 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 51,933 shares traded hands. Healthequity Inc (NASDAQ:HQY) has risen 69.13% since April 26, 2016 and is uptrending. It has outperformed by 63.88% the S&P500.
Analysts await Healthequity Inc (NASDAQ:HQY) to report earnings on December, 5. They expect $0.09 EPS, up 28.57% or $0.02 from last year’s $0.07 per share. HQY’s profit will be $5.32M for 121.61 P/E if the $0.09 EPS becomes a reality. After $0.14 actual EPS reported by Healthequity Inc for the previous quarter, Wall Street now forecasts -35.71% negative EPS growth.
Healthequity Inc (NASDAQ:HQY) Ratings Coverage
Out of 8 analysts covering HealthEquity Inc (NASDAQ:HQY), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. $40 is the highest target while $27 is the lowest. The $33.67 average target is -23.09% below today’s ($43.78) stock price. HealthEquity Inc has been the topic of 10 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Barrington Research given on Wednesday, March 23. The rating was initiated by TheStreet on Tuesday, October 13 with “Hold”. As per Wednesday, September 7, the company rating was maintained by Robert W. Baird. The rating was maintained by Barrington Research with “Outperform” on Tuesday, December 8. Suntrust Robinson maintained the stock with “Buy” rating in Wednesday, June 8 report. The stock of Healthequity Inc (NASDAQ:HQY) earned “Outperform” rating by Leerink Swann on Monday, April 4. The stock of Healthequity Inc (NASDAQ:HQY) earned “Buy” rating by SunTrust on Wednesday, June 8. The firm earned “Overweight” rating on Friday, October 28 by JP Morgan. Avondale maintained the shares of HQY in a report on Wednesday, March 23 with “Market Outperform” rating.
According to Zacks Investment Research, “HealthEquity, Inc. is a technology-enabled services platforms that empower consumers to make healthcare saving and spending decisions. The Company’s platform provides an ecosystem where consumers can access their tax-advantaged healthcare savings, compare treatment options and pricing, evaluate and pay healthcare bills, receive personalized benefit and clinical information, earn wellness incentives, and make educated investment choices to grow their tax-advantaged healthcare savings. HealthEquity, Inc. is headquartered in Draper, Utah.”
HQY Company Profile
HealthEquity, Inc., incorporated on October 18, 2002, is a well-known provider of a range of solutions for managing healthcare accounts (Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators. The Firm is engaged in technology-enabled services platforms that allow clients to make healthcare saving and spending decisions. The Company’s platform provides an ecosystem where clients can access their tax-advantaged healthcare savings, compare treatment options and pricing, evaluate and pay healthcare bills, receive personalized benefit and clinical information, earn wellness incentives and make educated investment choices to help in their tax-advantaged healthcare savings.
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