Cano Health Stock Fair Value – Piper Sandler Raises Price Objective for Cano Health to $1.00
May 24, 2023
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On Tuesday morning, Piper Sandler raised its price target for Cano Health ($NYSE:CANO) to $1.00 in a research report. Cano Health is a health services company that provides innovative solutions and professional services to meet the needs of its community-based healthcare network of physicians. It is the leading provider of value-based care, integrating primary care, specialty care, home health, telehealth, and ancillary services that are delivered through its network of clinics in Florida, Texas, and New Mexico. Cano Health offers a variety of services, such as preventive care, chronic disease management, behavioral health support, and home health services. It also provides access to quality healthcare for all its patients regardless of their financial means. Its comprehensive care model has been proven to improve clinical outcomes while reducing medical costs. The company is committed to providing high-quality, cost-effective care to its patients.
In addition, Cano Health has established partnerships with leading health systems and payers to expand its reach and create a more integrated healthcare delivery system. As a result, it has become an important player in the healthcare industry. With Piper Sandler’s upgrade to a price target of $1.00, it is clear that the company is on the right track and is well-positioned to capitalize on the growing demand for healthcare services.
Share Price
On Wednesday, CANO HEALTH stock opened at $1.3 and closed at $1.3, representing a 3.9% increase from the prior closing price of 1.3. This positive outlook by the investment bank is indicative of the potential of CANO HEALTH’s stock and is encouraging news to investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cano Health. More…
| Total Revenues | Net Income | Net Margin |
| 2.9k | -236.08 | -1.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cano Health. More…
| Operations | Investing | Financing |
| -138.6 | -60.16 | 130.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cano Health. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.94k | 1.44k | 1.07 |
Key Ratios Snapshot
Some of the financial key ratios for Cano Health are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 96.4% | – | -14.3% |
| FCF Margin | ROE | ROA |
| -6.4% | -97.3% | -13.3% |
Analysis – Cano Health Stock Fair Value
At GoodWhale, we recently conducted an analysis of CANO HEALTH‘s wellbeing. After careful evaluation, we concluded that the intrinsic value of CANO HEALTH share is around $12.4. This was calculated using our proprietary Valuation Line. This means that currently, CANO HEALTH stock is traded at $1.3, representing a drastic 89.5% undervaluation. This is a great opportunity for investors to take advantage of. More…
Peers
Attendo AB is a provider of healthcare services, while Universal Health Services Inc is a provider of both healthcare services and products.
– EMC Instytut Medyczny SA ($LTS:0LTC)
EMC Instytut Medyczny SA is a Polish company that provides medical diagnostic services. The company has a market capitalization of 472.49 million as of 2022 and a return on equity of 2.52%. EMC Instytut Medyczny SA provides medical diagnostic services including blood tests, X-rays, and ultrasounds. The company also offers laboratory services such as genetic testing and IVF.
– Attendo AB ($LTS:0RCY)
Attendo AB is a Swedish company that provides healthcare and social services. The company has a market cap of 4.03B as of 2022 and a Return on Equity of 8.28%. Attendo AB provides services to municipalities, county councils, and the private sector in Sweden, Finland, Norway, Denmark, Poland, and Austria. The company offers a range of services, including primary healthcare, specialist healthcare, social services, and elderly care.
– Universal Health Services Inc ($NYSE:UHS)
Universal Health Services, Inc. is one of the largest healthcare management companies in the United States. It owns and operates hospitals, outpatient facilities, and behavioral health and addiction treatment centers. As of 2022, the company’s market capitalization was 7.97 billion and its return on equity was 11.27%. Universal Health Services, Inc. is headquartered in King of Prussia, Pennsylvania.
Summary
Cano Health is currently receiving positive attention from investors. Piper Sandler recently raised its price objective for the stock to $1.00, which has resulted in an increase in the stock price. Analysts believe that Cano Health offers considerable upside potential and could be a good long-term investment for those interested in the healthcare industry. It is important to note that investors should conduct their own research before making any investment decisions.
