Stock Analysis:Civitas Solutions (NYSE:CIVI) Target Increased
In a recent research report issued to clients by Canaccord Genuity on Friday, 11 December, Civitas Solutions (NYSE:CIVI) had its target price per share hiked to $30.00. The firm right now has a solid “Buy” rating on shares.
From a total of 8 analysts covering Civitas Solutions (NYSE:CIVI) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $31 while the lowest target price is $27. The mean of all analyst targets is $28.75 with a 0.24% above today’s ($28.6) stock price. Civitas Solutions was the topic of 4 analyst reports since August 13, 2015 according to the firm StockzIntelligence Inc. Raymond James downgraded shares on November 19 to “Outperform” rating.
Approximately 183,521 shares of stock traded hands or 112.48% up from the average. Civitas Solutions Inc (NYSE:CIVI) has risen 40.31% since May 8, 2015 and is uptrending. It has outperformed by 43.33% the S&P500.
Analysts await Civitas Solutions Inc (NYSE:CIVI) to reports earnings on December, 16. They expect $0.16 earnings per share, up 433.33% or $0.13 from last year’s $0.03 per share. CIVI’s profit will be $5.49M for 44.69 P/E if the $0.16 EPS becomes reality. After $0.04 actual earnings per share reported by Civitas Solutions Inc for the previous quarter, Wall Street now forecasts 300.00% EPS growth.
Civitas Solutions, Inc. is a well-known provider of home-and community health and human services to must-serve individuals with intellectual, developmental, physical or behavioral disabilities and other special needs. The company has a market cap of $980.82 million. The Firm operates in two divisions: Human Service, which provides home and community human services to adults and children with intellectual and/or developmental disabilities and to youth with emotional, behavioral and/or medically complex challenges; and Post-Acute Specialty Rehabilitation Service (SRS), which provides health care and community health and human services to individuals who have suffered acquired brain and/or spinal injuries and other catastrophic injuries and illnesses. It currently has negative earnings.
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.” Get a free copy of the Zacks research report on Civitas Solutions Inc (CIVI).