Market Overview

Goldman Sachs Reduces Accretive Health PT To $13

Share:

Accretive Health, Inc. (NYSE: AH) reported 3Q 2010 results, Goldman Sachs reports, noting that the EPS of $0.06 and adjusted EBITDA of $32.2 were both in-line with GS/Street estimates.

“However, revenues of $158.4 were significantly below our estimate of $174.6mn and Street consensus of $172.4mn,” Goldman Sachs writes. “Management's revenue guidance now stands at $595mn-$607mn (vs prior GS/Street estimates of $645mn/$639mn), while 2010 EBITDA guidance was maintained at $43mn- $46mn.”

As a result, Goldman Sachs is reducing its 12 month price target to $13 from $15, which is based on a blend of EV/EBITDA (50%), PEG (20%), and DCF (30%) valuation analyses.

Accretive Health currently trades at $9.00.

 

Related Articles (AH)

View Comments and Join the Discussion!

Posted-In: accretive health Goldman SachsAnalyst Ratings

Latest Ratings

StockFirmActionPT
REGNCFRAMaintains549.0
NACFRAMaintains59.0
MRSNSVB LeerinkReiterates21.0
CTASB of A SecuritiesDowngrades
VICRBWS FinancialInitiates Coverage On84.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com