Market Overview

UPDATE: Sterne Agee Reiterates Neutral Rating, Raises PT on Quality Systems

Share:
Related QSII
Mid-Afternoon Market Update: Dow Surges 300 Points; Quality Systems Shares Tumble
Mid-Day Market Update: Dow Jumps Over 200 Points; Amazon Shares Down On Earnings Miss

In a report published Monday, Sterne Agee Group reiterated its Neutral rating on Quality Systems (NASDAQ: QSII), and raised its price target from $14.00 to $17.00.

Sterne Agee noted, “QSII trades at a significant discount to the peer group, highlighting the uncertainties surrounding the company's outlook following management churn and below par financial performance in 2012. Our revised $17 price target is based on 6x our CY14 EBITDA estimate of $143 million. The average FY2 EV/EBITDA multiple over the past 10 years is 12x. Should we identify operational improvement in QSII's core business, we would reevaluate our thinking on the stock.”

Quality Systems closed on Friday at $17.90.

Latest Ratings for QSII

DateFirmActionFromTo
Jan 2016JefferiesUpgradesNeutralOverweight
Jan 2016Raymond JamesUpgradesMarket PerformOutperform
Nov 2015JP MorganAssumesNeutral

View More Analyst Ratings for QSII
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (QSII)

View Comments and Join the Discussion!

Get Benzinga's Newsletters