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EVH

Evolent Health

$10.70

0.73 (7.32%)

05:09
05/31/19
05/31
05:09
05/31/19
05:09

'We don't like it, but we get it,' Piper says of Evolent customer investment

"We don't like it, but we get it," Piper Jaffray analyst Sean Wieland says of Evolent Health's $70M investment in its largest customer, Passport Health, to save the company from insolvency. The market's visceral reaction yesterday occurred because management had promised it would not buy another health plan and because the 2019 guidance was believed to be organic, Wieland tells investors in a research note. He believes Evolent was "damned if they did, damned if they didn't." Nonetheless, the analyst keeps an Overweight rating on the shares with a $17 price target due to valuation. He believes the rest of Evolent's business remains well positioned.

  • 05

    Jun

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    Jun

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    Jun

EVH Evolent Health
$10.70

0.73 (7.32%)

04/08/19
BARD
04/08/19
NO CHANGE
Target $25
BARD
Outperform
Evolent Health added as positive Fresh Pick at Baird
Baird analyst Matthew Gillmor maintained an Outperform rating on Evolent Health and added the stock as a positive Fresh Pick after traveling with management last week. In a research note to investors, Gillmor says he expects better clarity on the Passport rate situation over the near-term and, according to management, recent indications are positive. Additionally, the analyst says it is possible Evolent's relationship with Passport could expand, and says he is optimistic this, along with other factors, should drive accelerating revenue and EBITDA growth into 2020, resulting in material upside for the stock over the next 3-6 months.
04/11/19
ADAM
04/11/19
NO CHANGE
Target $19
ADAM
Buy
Passport news in KY removes overhang on Evolent's stock, says Canaccord
Canaccord analyst Richard Close maintained a Buy rating and $19 price target on Evolent Health after news outlets reported that Passport Health Plan said Medicaid rates in Kentucky were finalized this week, implying a blended positive rate increase of 4.7% for PHP. Close tells investors in a research note that the "positive" news removes a recent overhang on Evolent's stock and gives him greater confidence in the company's ability to achieve 2019 guidance. He would be an aggressive buyer of the stock.
04/11/19
CANT
04/11/19
NO CHANGE
Target $20
CANT
Overweight
Largest Evolent customer now 'much-less' likely to fail, says Cantor Fitzgerald
Multiple media sources yesterday indicated that Passport Health Plan was "cautiously optimistic" that the newly finalized Kentucky Medicaid rates will help provide a path for the plan's sustainability, Cantor Fitzgerald analyst Steven Halper tells investors in a research note. Passport is Evolent Health's largest customer. The news is an incremental positive for Evolent, as it is now "much-less likely that Passport will fail," says the analyst. He believes this should lift a "significant overhang" on Evolent Health shares. Halper reiterates an Overweight rating on the stock with a $20 price target.
04/11/19
COWN
04/11/19
NO CHANGE
Target $26
COWN
Outperform
Passport Health 'optimism' removes near-term overhang for Evolent, says Cowen
Passport Health Plan is "cautiously optimistic" that it will be able to remain in business in Kentucky after receiving an estimated 4.7% rate increase in its regions, Cowen analyst Charles Rhyee tells investors in a research note. He says this should remove a near-term overhang for Evolent Health, giving him confidence in the company's revenue outlook. The analyst, who maintains an Outperform rating and $26 price target on Evolent, believes the mid-high end of revenue and adjusted EBITDA guidance is now more achievable.

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BAX

Baxter

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0.79 (0.98%)

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SHOP

Shopify

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COMM

CommScope

$15.62

-0.265 (-1.67%)

05:41
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TEL

TE Connectivity

$93.39

0.67 (0.72%)

05:40
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JWN

Nordstrom

$33.18

1.04 (3.24%)

05:37
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PGSVY

PGS ASA

$0.00

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PDD

Pinduoduo

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0.08 (0.38%)

05:32
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CB

Chubb

$148.73

1.37 (0.93%)

05:30
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  • 24

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OPHLY

Ono Pharmaceutical

$0.00

(0.00%)

05:29
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YARIY

Yara

$0.00

(0.00%)

05:27
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ZURVY

Zurich Insurance

$0.00

(0.00%)

05:26
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IRE

Bank of Ireland

$0.00

(0.00%)

05:24
06/20/19
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05:24
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DOC

Physicians Realty Trust

$18.27

0.095 (0.52%)

05:23
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HTA

Healthcare Trust

$29.18

0.16 (0.55%)

05:23
06/20/19
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  • 09

    Jul

HR

Healthcare Realty Trust

$33.14

0.26 (0.79%)

05:22
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  • 25

    Jun

SCRYY

Scor

$0.00

(0.00%)

05:22
06/20/19
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FMS

Fresenius Medical

$39.49

1.175 (3.07%)

05:20
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HPQ

HP Inc.

$20.63

0.1 (0.49%)

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DELL

Dell Technologies

$53.39

1.88 (3.65%)

05:15
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FNMA

Fannie Mae

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FMCC

Freddie Mac

$0.00

(0.00%)

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AAPL

Apple

$197.87

-0.65 (-0.33%)

05:12
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JBLU

JetBlue

$19.05

-0.21 (-1.09%)

05:07
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VYGR

Voyager Therapeutics

$27.87

0.05 (0.18%)

, SNY

Sanofi

$44.11

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05:05
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$27.87

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SNY

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$44.11

0.99 (2.30%)

NBIX

Neurocrine

$85.47

-0.28 (-0.33%)

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ORCL

Oracle

$52.69

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