Market Overview

UPDATE: Wedbush Securities Raises PT to $37 on Medifast on Growth Plan

Related MED
Earnings Scheduled For March 9, 2017
10 Notable Stocks Trading Ex-Dividend Wednesday, September 21

Wedbush Securities reiterated its Outperform rating on Medifast (NYSE: MED) and raised its price target from $34 to $37.

Wedbush Securities commented, "To achieve its $1 billion target, which represents a compound annual growth rate of 23%, management targets doubling domestic sales and growing international sales to $150 million. … Given Medifast's solid revenue growth, strong cash flow generation, and improving financial outlook, we believe shares of MED should trade at an EV/ 2013E EBITDA multiple of 9x, a 10% premium to the peer group average, generating our $37 PT."

Medifast closed at $21.25 on Tuesday.

Latest Ratings for MED

Jan 2016WunderlichInitiates Coverage onHold
Nov 2015Sidoti & Co.DowngradesBuyNeutral
Oct 2015Sidoti & Co.UpgradesNeutralBuy

View More Analyst Ratings for MED
View the Latest Analyst Ratings

Posted-In: Wedbush SecuritiesAnalyst Color Price Target Pre-Market Outlook Analyst Ratings


Related Articles (MED)

View Comments and Join the Discussion!