UBS Maintains Civitas Solutions Inc to Buy with Price Target $24.00

Brokerage firm UBS Maintains its rating on Civitas Solutions Inc(NYSE:CIVI). In a research note issued to the investors, the brokerage major Lowers the price-target to $24.00 per share. The shares have been rated Buy. The rating by UBS was issued on Sep 27, 2016.

In a different note, On Aug 11, 2016, Raymond James said it Downgrades its rating on Civitas Solutions Inc. The shares have been rated ‘Market Perform’ by the firm.

Civitas Solutions Inc (CIVI) made into the market gainers list on Fridays trading session with the shares advancing 0.77% or 0.14 points. Due to strong positive momentum, the stock ended at $18.26, which is also near the day’s high of $18.57. The stock began the session at $18.22 and the volume stood at 63,882 shares. The 52-week high of the shares is $30.23 and the 52 week low is $15.19. The company has a current market capitalization of $678 M and it has 3,71,31,288 shares in outstanding.

Civitas Solutions Inc(CIVI) last announced its earnings results on Aug 9, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $353.96M. Analysts had an estimated revenue of $357.48M. Earnings per share were $0.13. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On Jul 14, 2016, Renzo Linda De (officer ) sold 5,000 shares at $22.54 per share price.Also, On Jul 6, 2016, Jeffrey Michael Cohen (Chief Information Officer) sold 5,000 shares at $20.75 per share price.On Oct 9, 2015, Robert M. Melia (Chief Bus. Dev. Officer) sold 67,908 shares at $21.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Civitas Solutions Inc. (Civitas) is a provider of home-and community-based health and human services to must-serve individuals with intellectual developmental physical or behavioral disabilities and other special needs. The Company operates in two segments: Human Service which provides home and community-based human services to adults and children with intellectual and/or developmental disabilities and to youth with emotional behavioral and/or medically complex challenges; and Post-Acute Specialty Rehabilitation Service (SRS) which provides health care and community-based health and human services to individuals who have suffered acquired brain and/or spinal injuries and other catastrophic injuries and illnesses. The Company also owns Lakeview programs which provide community-based residential services for individuals with brain injuries at eight locations in New Hampshire.

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