The stock of Cotiviti Holdings Inc (NYSE:COTV) is a huge mover today! About 419,572 shares traded hands or 47.79% up from the average. Cotiviti Holdings Inc (NYSE:COTV) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
The move comes after 5 months positive chart setup for the $2.84 billion company. It was reported on Dec, 1 by Barchart.com. We have $33.34 PT which if reached, will make NYSE:COTV worth $113.60 million more.
Analysts await Cotiviti Holdings Inc (NYSE:COTV) to report earnings on February, 8. COTV’s profit will be $29.23 million for 24.29 P/E if the $0.33 EPS becomes a reality. After $0.24 actual EPS reported by Cotiviti Holdings Inc for the previous quarter, Wall Street now forecasts 37.50% EPS growth.
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 firm has “Overweight” rating given on Tuesday, October 11 by First Analysis. Citigroup maintained the stock with “Neutral” rating in Thursday, August 11 report. The stock of Cotiviti Holdings Inc (NYSE:COTV) 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: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on May 06, 2016, also Seekingalpha.com with their article: “Sell Ahead Of Lock-Up Expiration: Cotiviti Holdings, Inc.” published on November 11, 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) Tops Q3 EPS by 5c” published on November 09, 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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