Cotiviti (COTV) is Reiterated by Barclays to Overweight, Raises Price Target to $ 31

Cotiviti (COTV) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 31 from a previous price target of $22 . Barclays advised their investors in a research report released on Aug 11, 2016.

Many Wall Street Analysts have commented on Cotiviti. RBC Capital Mkts Initiated Cotiviti on Jun 20, 2016 to “Outperform”, Price Target of the shares are set at $25.Robert W. Baird Initiated Cotiviti on Jun 20, 2016 to “Outperform”, Price Target of the shares are set at $24.Cotiviti was Initiated by Citigroup to “Neutral” on Jun 20, 2016.

On the company’s financial health, Cotiviti reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.30. The company had revenue of $158.30 million for the quarter, compared to analysts expectations of $146.68 million. The company’s revenue was up 18.8% compared to the same quarter last year.

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