Market Overview

UPDATE: Bank of America Downgrades eHealth to Underperform on Valuation

Related EHTH
20 Stocks Which Rallied Three Days On Increasing Volume
18 Stocks That Rallied For Three Days On Increasing Volume, No News
Notable earnings after Thursday's close (Seeking Alpha)

Bank of America reduced its rating on eHealth (NASDAQ: EHTH) from Buy to Underperform while raising its price objective from $26 to $28.

Bank of America said, "Although we believe eHealth has positioned itself for a strong 2013, our optimism is tempered by the stock's rich valuation. eHealth, a below peer top and bottom line grower, is trading at 25x 2013E P/PCF which is a steep premium to eCommerce peers at 20x. We are moving our valuation basis to 2014 and raising our price objective to $28 (from $26) based on 17x our 2014 P/FCF estimate plus $6/cash per share."

eHealth closed at $27.24 on Thursday.

Latest Ratings for EHTH

Aug 2016Craig-HallumUpgradesHoldBuy
Jul 2016Craig-HallumDowngradesBuyHold
Jul 2016JefferiesMaintainsHold

View More Analyst Ratings for EHTH
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings


Related Articles (EHTH)

View Comments and Join the Discussion!