BTIG upgraded Consensus Cloud Solutions to Buy from Neutral with a $30 price target. The analyst believes the acute care and hospital buying market is improving and says expectations for Consensus Cloud’s revenue and earnings growth are low. The shares seem inexpensive, the company’s cash flow and margins “are excellent,” with a high free cash flow yield, and the business itself is transforming to become a software-as-a-service, enterprise-wide technology platform that creates a fully integrated, inter-operable platform that is more than an e-faxing leader, the analyst tells investors in a research note. BTIG calls Consensus Cloud a “cash-machine that has high, inherent value.”
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