The stock of Civitas Solutions Inc (NYSE:CIVI) is a huge mover today! The stock increased 8.96% or $1.5 on November 23, hitting $18.25. About 89,630 shares traded hands. Civitas Solutions Inc (NYSE:CIVI) has declined 5.10% since April 22, 2016 and is downtrending. It has underperformed by 10.51% the S&P500.
The move comes after 5 months positive chart setup for the $646.76 million company. It was reported on Nov, 24 by Barchart.com. We have $19.71 PT which if reached, will make NYSE:CIVI worth $51.74 million more.
Analysts await Civitas Solutions Inc (NYSE:CIVI) to report earnings on December, 8. They expect $0.18 earnings per share, up 63.64% or $0.07 from last year’s $0.11 per share. CIVI’s profit will be $6.38 million for 25.35 P/E if the $0.18 EPS becomes a reality. After $0.13 actual earnings per share reported by Civitas Solutions Inc for the previous quarter, Wall Street now forecasts 38.46% EPS growth.
Civitas Solutions Inc (NYSE:CIVI) Ratings Coverage
Out of 5 analysts covering Civitas Solutions (NYSE:CIVI), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $34 is the highest target while $28 is the lowest. The $30.50 average target is 67.12% above today’s ($18.25) stock price. Civitas Solutions has been the topic of 10 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Canaccord Genuity initiated the stock with “Buy” rating in Wednesday, September 16 report. The rating was downgraded by Raymond James on Thursday, August 11 to “Market Perform”. Barclays Capital maintained it with “Overweight” rating and $34 target price in Wednesday, January 6 report. Raymond James downgraded the stock to “Outperform” rating in Thursday, November 19 report.
According to Zacks Investment Research, “Civitas Solutions, Inc. is a national network of local health and human services. It operates as a provider of an array of community-based services to adults and children with intellectual and developmental disabilities, brain and spinal cord injuries and other catastrophic injuries and illnesses, and to youth with emotional, behavioral and medically complex challenges, as well as their families. The Company serves governmental agencies, non-public payors, and not-for-profit organizations. Civitas Solutions, Inc. is based in Boston, Massachusetts.”
Another recent and important Civitas Solutions Inc (NYSE:CIVI) news was published by Marketwatch.com which published an article titled: “Civitas Solutions downgraded to market perform from outperform at Raymond James” on September 15, 2014.
CIVI Company Profile
Civitas Solutions, Inc., incorporated on June 15, 2007, is a well-known provider of home and community health and human services to individuals with intellectual, developmental, physical or behavioral disabilities and other special needs. The Company’s clinicians and caregivers develop customized service plans, delivered in non-institutional settings, designed to address a range of often life-long conditions. The Firm operates through two divisions: Human Services and Post-Acute Specialty Rehabilitation Services (SRS). The Firm serves individuals with a range of special needs and disabilities, such as individuals with intellectual and/or developmental disabilities (I/DD), individuals with catastrophic injuries and illnesses, particularly acquired brain injury (ABI), youth with emotional, behavioral and/or medically complex challenges, or at-risk youth (ARY) and elders in need of day health services to support their independence, or adult day health (ADH). As of September 30, 2015, the Company operated in approximately 40 states, serving approximately 12,400 clients in residential settings and over 17,000 clients in non-residential settings.
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