Stock of the Day: Cotiviti Holdings Inc Stock Price Hits Record High Today

Stock of the Day: Cotiviti Holdings Inc Stock Price Hits Record High Today

The stock of Cotiviti Holdings Inc (NYSE:COTV) reached all time high today, Nov, 10 and still has $49.92 target or 56.00% above today’s $32.00 share price. This indicates more upside for the $2.96 billion company. This technical setup was reported by Barchart.com. If the $49.92 PT is reached, the company will be worth $1.66 billion 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 168,959 shares traded hands. Cotiviti Holdings Inc (NYSE:COTV) has risen 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.

Cotiviti Holdings Inc (NYSE:COTV) Ratings Coverage

Out of 4 analysts covering Cotiviti (NYSE:COTV), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Cotiviti has been the topic of 4 analyst reports since August 11, 2016 according to StockzIntelligence Inc. The company was reinitiated on Friday, October 28 by JP Morgan. The company was maintained on Thursday, August 11 by Citigroup. First Analysis initiated the stock with “Overweight” rating in Tuesday, October 11 report. The firm has “Overweight” rating given on Thursday, August 11 by Barclays Capital.

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: Streetinsider.com which released: “Cotiviti Holdings, Inc. (COTV) Tops Q3 EPS by 5c” on November 09, 2016, also Marketwatch.com with their article: “/quotes/zigman/3870025/realtime” published on May 06, 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: Businesswire.com and their article: “Cotiviti Holdings, Inc. Announces Plans to Refinance Existing Term Loan Facilities” published on September 12, 2016 as well as Streetinsider.com‘s news article titled: “Cotiviti Holdings, Inc. (COTV) Reports Q2 EPS of $0.37” with publication date: August 09, 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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