Published On: Wed, Oct 19th, 2016

Broker Changes For MEDIFAST INC (NYSE:MED)


Recently stock market analysts have updated their consensus ratings on shares of MEDIFAST INC (NYSE:MED).

Most recent broker ratings

08/04/2016 – MEDIFAST INC had its “hold” rating reiterated by analysts at Wunderlich. They now have a USD 36 price target on the stock.

01/11/2016 – MEDIFAST INC was upgraded to “buy” by analysts at Sidoti. They now have a USD 35 price target on the stock.

10/15/2015 – MEDIFAST INC had its “hold” rating reiterated by analysts at Canaccord Genuity. They now have a USD 31 price target on the stock.

03/03/2015 – MEDIFAST INC was downgraded to “underperform” by analysts at Bank of America Merrill Lynch.

11/07/2014 – MEDIFAST INC was downgraded to “in” by analysts at Imperial Capital. They now have a USD 32 price target on the stock.

10/07/2014 – MEDIFAST INC was upgraded to “neutral” by analysts at Zacks. They now have a USD 32.2 price target on the stock.

08/29/2014 – MEDIFAST INC had its “outperform” rating reiterated by analysts at Wedbush. They now have a USD 36 price target on the stock.

11/06/2013 – MEDIFAST INC had its “neutral” rating reiterated by analysts at Janney Montgomery Scott. They now have a USD 25 price target on the stock.

MEDIFAST INC has a 50 day moving average of 37.94 and a 200 day moving average of 34.54. The stock’s market capitalization is 481.98M, it has a 52-week low of 27.12 and a 52-week high of 40.92.

The share price of the company (NYSE:MED) was up +1.37% during the last trading session, with a high of 40.92 and the volume of MEDIFAST INC shares traded was 98960.

Medifast, Inc. (Medifast) is engaged in the production, distribution and sale of weight loss, weight management and healthy living products, and other consumable health and diet products. The Company operates through its subsidiaries, Jason Pharmaceuticals, Inc., Take Shape For Life, Inc., Jason Enterprises, Inc., Medifast Franchise Systems (MFSI), Inc., Jason Properties, LLC, Medifast Nutrition, Inc. and Seven Crondall, LLC. Its product lines include weight loss, weight management, and healthy living meal replacements, snacks, hydration products and vitamins. It provides weight loss, weight management and healthy living products and programs through multiple channels of distribution: direct to consumer channel through its Website and in-house call centers; Take Shape For Life; Franchise Medifast Weight Control Centers, and a national network of physicians. It offers its products under the Medifast, Thrive by Medifast, Optimal Health by Take Shape For Life and Essential 1 brands.