The current recommendation of Buy for athenahealth Inc (NASDAQ:ATHN) is derived using Louis Navellier's Portfolio Grader stock evaluator, which incorporates his investing methodology. This represents no change from the previous week and is the same ranking ATHN has had from Portfolio Grader for the last month.
ATHN is one of the 783 companies in the GICS Health Care sector and is a member of the 25 company Health Care Technology GICS industry group within this sector. ATHN's market value is $5.6 billion which falls in the top quarter of its industry group Portfolio Grader's current ranking for ATHN puts it 10 among the 25 companies in this industry group, placing it in the top half.
Portfolio Grader currently ranks the Health Care sector number 8 among the 12 sectors in its universe putting it in the third quartile of all the GICS sectors. The Health Care Technology industry group is ranked 38 among the 69 industry groups within the GICS sectors, placing it below-average in terms of the Navellier scoring system.
ATHN has realized above-average scores in 3 of the 8 fundamental areas appraised by Portfolio Grader and average or below-average grades in 5 of the areas used in the ranking of company stocks.
ATHN's operational scores provide mixed results with a ranking for operating margin and earnings growth that are below average, while the score for sales growth is above average. Scores for visibility of earnings are mixed, with a ranking for earnings revisions and earnings surprises that are discernibly better than average, while the score for earnings momentum is worse than average. ATHN's metrics for return on equity and cash flow are worse than its industry group average. These fundamental scores give athenahealth a position in the third quartile of the industry group.
Quantitatively, Portfolio Grader uses the Navellier Proprietary Quantitative Score to gauge ATHN's shares from the viewpoint of risk/reward. This unique scoring approach weighs the relative value of ATHN's shares based on the current price of the shares relative to its peers, the market and risk associated with its industry and sector groups. Using this risk/reward calculation, the company currently scores above-average in its industry group compared to its peers.
Louis Navellier's proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results, with A being 'strong buy' and F being 'strong sell'. Explore the tool here.
Commentary provided by UpTick Data Technologies.