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Maximus Inc (NYSE:MMS) stock has touched a 52-week low, reaching a price level of $64.5, signaling a period of significant bearish sentiment among investors. According to InvestingPro analysis, the company appears undervalued with a P/E ratio of 14.2, while maintaining a solid financial health score of "GOOD." This downturn reflects a notable 1-year change with the stock value declining by 20.51%. The company, known for its role in providing government services around the globe, has faced headwinds that have impacted its stock performance, leading to this new low. Despite the challenges, Maximus has maintained dividend payments for 21 consecutive years, demonstrating financial resilience. Analysts maintain optimistic price targets ranging from $90 to $114, suggesting potential upside. For deeper insights into Maximus’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, MAXIMUS, Inc. reported significant developments that may interest investors. The company announced an increase of $200 million in its stock repurchase program, following the completion of a previous buyback authorization of the same amount. This decision is part of MAXIMUS’s strategy to enhance shareholder value through disciplined capital allocation. Additionally, the company appointed KPMG LLP as its new auditor, replacing Ernst & Young LLP after a thorough selection process. The transition to KPMG is set for the fiscal year ending September 30, 2025, with no disagreements reported between MAXIMUS and EY regarding past financial disclosures or auditing practices.
In another development, Raymond (NSE:RYMD) James upgraded MAXIMUS’s stock rating from Market Perform to Outperform. Analyst Brian Gesuale highlighted the company’s attractive valuation and potential growth catalysts, such as the upcoming Census 2030 and TSA projects. The upgrade reflects a positive outlook, with a new price target set at $90.00, indicating confidence in MAXIMUS’s future performance. These recent changes suggest that MAXIMUS is positioning itself strategically for future growth and stability.
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