Signify Health, Inc. (NYSE:SGFY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Signify Health, Inc. (NYSE:SGFYGet Rating) have received a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $27.36.

A number of brokerages recently weighed in on SGFY. Royal Bank of Canada lifted their target price on Signify Health from $20.00 to $30.50 and gave the company a “sector perform” rating in a report on Tuesday, September 6th. Cowen boosted their price objective on Signify Health to $24.00 in a research note on Monday, August 15th. UBS Group cut Signify Health from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $27.00 to $30.50 in a research note on Wednesday, September 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Signify Health from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, August 17th. Finally, JPMorgan Chase & Co. cut Signify Health from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $32.00 to $30.50 in a research note on Tuesday, September 6th.

Signify Health Price Performance

Shares of Signify Health stock opened at $28.52 on Wednesday. Signify Health has a twelve month low of $10.70 and a twelve month high of $29.88. The stock has a market capitalization of $6.73 billion, a P/E ratio of -14.93 and a beta of 0.47. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $29.11 and its 200 day moving average price is $21.73.

Institutional Trading of Signify Health

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ARK Investment Management LLC increased its holdings in Signify Health by 4.2% in the second quarter. ARK Investment Management LLC now owns 21,882,411 shares of the company’s stock valued at $298,257,000 after buying an additional 890,181 shares during the last quarter. Vanguard Group Inc. increased its holdings in Signify Health by 13.3% in the third quarter. Vanguard Group Inc. now owns 6,452,501 shares of the company’s stock valued at $188,091,000 after buying an additional 758,621 shares during the last quarter. BlackRock Inc. increased its holdings in Signify Health by 30.9% in the third quarter. BlackRock Inc. now owns 3,014,708 shares of the company’s stock valued at $87,879,000 after buying an additional 711,351 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in Signify Health by 71.4% in the second quarter. Frontier Capital Management Co. LLC now owns 2,956,188 shares of the company’s stock valued at $40,795,000 after buying an additional 1,231,088 shares during the last quarter. Finally, KRYGER CAPITAL Ltd bought a new stake in Signify Health in the third quarter valued at about $80,629,000. 90.07% of the stock is owned by hedge funds and other institutional investors.

Signify Health Company Profile

(Get Rating)

Signify Health, Inc operates a healthcare platform that utilizes analytics, technology, and healthcare provider networks in the United States. The company operates through Home & Community Services and Episodes of Care Services segments. The Home & Community Services segment offers health evaluations performed within the patient's home or at a healthcare provider facility primarily to Medicare Advantage health plans; diagnostic screening and other ancillary services; and services to address healthcare concerns related to social determinants of health.

Featured Stories

Analyst Recommendations for Signify Health (NYSE:SGFY)

Receive News & Ratings for Signify Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signify Health and related companies with MarketBeat.com's FREE daily email newsletter.