Another recommendation uipt Home Medical (Quipt Home Medical Stock Quote, Charts, News, Analysts, Financials TSX:QIPT)
Rating: Buy
Target Price: $14.00
Projected one-year return to target: 141 per cent
US-based in-home monitoring equipment company Quipt also gets the nod from iA Capital, with Stellick saying the company is making strides towards becoming a national platform. Plus, they recently announced a national insurance contract with a top-five health insurer (thought to be UnitedHealth, the largest commercial payor in the US).
“This contract is meaningful as it broadens QIPT’s geographic footprint and supports its push into new states. QIPT will be able to immediately leverage the national contract to capture many more eligible patients to help position the Company as a sector leader,” Stellick wrote.