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XELA

Exela Technologies

$3.90

(0.00%)

08:16
01/03/19
01/03
08:16
01/03/19
08:16

Exela Technologies acquires healthcare asset adding over $20M in annual revenue

Exela Technologies announced the closing of a healthcare industry asset acquisition, as it continues to expand its activities in this space. The accretive acquisition was funded with cash on hand. The acquisition will add over $20M of annual revenue and for the next seven years, guaranteed annual revenue increases each year. By leveraging industry leading healthcare platforms, cognitive automation and deep domain knowledge, Exela's existing healthcare business of $346M, or 22% of total revenue on a trailing 12-month basis ending September 30, 2018, is positioned to grow higher than the overall industry estimate of 5%.

XELA Exela Technologies
$3.90

(0.00%)

10/22/18
MSCO
10/22/18
INITIATION
Target $9
MSCO
Overweight
Exela Technologies initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Brian Essex initiated Exela Technologies with an Overweight rating and $9 price target, stating that the company has established itself as a strong competitor in Business Process Outsourcing that he estimates has been growing at almost twice the rate of the market overall. He sees a pathway for margins in the 20%s with incremental execution and scale, Essex added.
07/30/18
07/30/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. ADMA Biologics (ADMA) initiated with a Buy at Chardan. 2. Alta Mesa Resources (AMR) initiated with a Buy at Guggenheim. 3. Azure Power (AZRE) initiated with an Outperform at JMP Securities. 4. Exela Technologies (XELA) initiated with a Buy at Nomura Instinet. 5. Wix.com (WIX) initiated with a Neutral at Rosenblatt. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/30/18
NOMU
07/30/18
INITIATION
Target $10
NOMU
Buy
Nomura Instinet starts 'emerging force' Exela Technologies with Buy rating
Nomura Instinet analyst Dan Dolev initiated coverage of Exela Technologies with a Buy rating and $10 price target. With over $1.5B in sales, Exela is an "emerging force" in the global Business Process Outsourcing industry, Dolev tells investors in a research note titled "Six Reasons to Own XELA." He believes the company possesses a large and growing total addressable market with improving fundamentals. The analyst thinks a 50% discount on 2019 estimated enterprise value to EBITDA is "unmerited," given Exela's growth profile, which he says is roughly in line with peers.
07/30/18
NOMU
07/30/18
INITIATION
Target $10
NOMU
Buy
Exela Technologies initiated with a Buy at Nomura Instinet
Nomura Instinet started Exela Technologies with a Buy rating and $10 price target.

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