Cano Health Receives Positive Outlook from Brokerages with $2.08 Average Target Price
October 21, 2023
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Cano Health ($NYSE:CANO), Inc., a healthcare services company, recently received a positive outlook from brokerages with an average target price of $2.08. The company offers ambulatory services through its physician group practice and pharmacy services through its network of pharmacies. Its services span across primary care, chronic care management, behavioral health, laboratory services, imaging, and other healthcare services. Cano Health has been expanding the network of its physician-owned and operated practice locations throughout Florida and Puerto Rico, as well as opening additional pharmacies within those locations. This expansion has enabled the company to provide healthcare services to those living in underserved communities, improving their access to healthcare.
Additionally, Cano Health is focused on patient-centricity and the delivery of high-quality services. Cano Health has also been increasing its presence in the digital health space by deploying a proprietary telemedicine platform that allows physicians to connect with patients and eliminate distance barriers between them. The company has also been focusing on diversifying its revenue sources via partnerships with large healthcare systems and organizations, such as Medicare and Medicaid, providing it with a robust portfolio of revenue streams. The company is well-poised to expand its presence further in the healthcare sector and leverage its technological capabilities to deliver better quality healthcare solutions.
Market Price
This prompted a 5.1% rise in the stock’s opening and closing price on the same day, from $0.2 to $0.2. Nonetheless, the positive outlook from the brokerages should bolster investor confidence in the company and its prospects. As such, investors may look towards CANO Health Inc. as a potential investment vehicle, given the potential upside and prospects for strong returns. 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 |
| 2.98k | -371.5 | -1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cano Health. More…
| Operations | Investing | Financing |
| -109.12 | -52.58 | 141.58 |
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 |
| 1.71k | 1.47k | 0.52 |
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% | – | -22.2% |
| FCF Margin | ROE | ROA |
| -5.0% | -193.1% | -24.2% |
Analysis
GoodWhale has conducted an in-depth analysis of CANO HEALTH‘s financials to provide an overall risk rating. The results of our analysis show that CANO HEALTH is a high risk investment in terms of financial and business aspects. Our Risk Rating system has detected 3 risk warnings in the income sheet, balance sheet, and cashflow statement. We recommend that any potential investors look into these warnings further to make an informed decision. If you are interested in learning more about the risk warnings, please become a registered user on our website. We can provide more detailed information about CANO HEALTH’s financials and the associated risks. Thank you for considering GoodWhale for your financial analysis needs. 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
The report mentioned that CANO Health is well poised to benefit from new trends in healthcare delivery, especially in light of recent changes in legislation. The analysts believe that the company has a strong market position, and have an optimistic outlook about its revenue growth. Investors should pay close attention to the company’s market performance in the coming months, as it could determine its stock price and investor sentiment going forward.
