Healthequity (HQY) Receives a Buy from KeyBanc

By Austin Angelo

KeyBanc analyst Donald Hooker reiterated a Buy rating on Healthequity (HQYResearch Report) today and set a price target of $77.00. The company’s shares closed last Monday at $61.24.

According to TipRanks.com, Hooker is ranked #473 out of 5715 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Healthequity with a $76.50 average price target, a 24.3% upside from current levels. In a report issued on December 2, Barrington also reiterated a Buy rating on the stock with a $75.00 price target.

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Based on Healthequity’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $21.33 million. In comparison, last year the company had a net profit of $15.69 million.

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HealthEquity, Inc. provides range of solutions for managing health care accounts. The firm’s offers its solutions for employers, health planbs, brokers, consultants and financial advisors.