Based on the Cano Health Stock Forecast from 7 analysts, the average analyst CANO stock price target is USD 8.70 over the next 12 months. Cano Health Inc’s average analyst rating is Buy. Stock Target Advisor’s own stock analysis of CANO stock is Slightly Bearish, which is based on 4 positive signals and 7 negative signals. At the last closing, Cano Health stock price was USD 4.73. Cano Health stock price has changed by -4.20% over the past week, -1.91% over the past month and -57.39% over the last year.
About Cano Health Inc. (CANO:NYE):
Cano Health, Inc. provides primary care medical services to its members in the United States and Puerto Rico. It owns and operates medical centers enabled by CanoPanorama, a proprietary population health management technology-powered platform that provides the healthcare providers at its medical centers with a 360-degree view of their members with actionable insights to improve care decisions and member engagement. The company also operates pharmacies, as well as provides dental services in its medical centers. As of June 30, 2022, it operated 143 owned medical centers and maintained affiliate relationship with approximately 1000 physicians. Cano Health, Inc. was founded in 2009 and is headquartered in Miami, Florida.
What we like:
The annual returns for CANO stock have been stable and consistent compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Positive free cash flow:
CANO stock had positive total free cash flow in the most recent four quarters.
Superior Revenue Growth:
Cano Health stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
High Gross Profit to Asset Ratio:
Cano Health stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
What we don’t like:
Poor risk adjusted returns:
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.
Below median dividend returns:
The average income yield of CANO stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Overpriced compared to book value:
CANO stock price is trading high compared to its peers median on a price to book value basis.
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the stock news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Cano Health stock had negative total cash flow in the most recent four quarters.
Overpriced on free cash flow basis:
CANO stock price is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Low Earnings Growth:
Cano Health stock has shown below median earnings growth in the previous 5 years compared to its sector.