Amsurg Corp. (AMSG) Trading Down 2.6%
Shares of Amsurg Corp. (NASDAQ:AMSG) dropped 2.6% during mid-day trading on Thursday . The stock traded as low as $69.93 and last traded at $70.46, with a volume of 1,060,369 shares trading hands. The stock had previously closed at $72.31.
Several research firms have weighed in on AMSG. Mizuho raised their price target on Amsurg Corp. from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, June 24th. Citigroup Inc. cut Amsurg Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, June 16th. Zacks Investment Research cut Amsurg Corp. from a “buy” rating to a “hold” rating in a report on Friday. Barclays PLC initiated coverage on Amsurg Corp. in a report on Wednesday, June 1st. They issued an “equal weight” rating and a $85.00 target price for the company. Finally, Jefferies Group reiterated a “buy” rating on shares of Amsurg Corp. in a report on Sunday, July 3rd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $93.91.
The stock’s 50-day moving average price is $77.20 and its 200-day moving average price is $74.52. The firm has a market capitalization of $3.89 billion and a P/E ratio of 21.07.
Amsurg Corp. (NASDAQ:AMSG) last announced its earnings results on Tuesday, August 2nd. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. During the same period in the previous year, the company earned $0.97 EPS. The firm had revenue of $758.50 million for the quarter, compared to analyst estimates of $769.88 million. Amsurg Corp.’s revenue was up 21.5% compared to the same quarter last year. On average, equities analysts expect that Amsurg Corp. will post $4.33 earnings per share for the current year.
Other institutional investors have recently made changes to their positions in the company. KBC Group NV boosted its position in shares of Amsurg Corp. by 59.0% in the fourth quarter. KBC Group NV now owns 13,997 shares of the company’s stock worth $1,064,000 after buying an additional 5,193 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Amsurg Corp. during the fourth quarter worth approximately $1,189,000. MSF Capital LLC boosted its position in shares of Amsurg Corp. by 584.6% in the fourth quarter. MSF Capital LLC now owns 21,176 shares of the company’s stock worth $1,609,000 after buying an additional 18,083 shares during the last quarter. US Bancorp DE boosted its position in shares of Amsurg Corp. by 30.5% in the fourth quarter. US Bancorp DE now owns 23,339 shares of the company’s stock worth $1,774,000 after buying an additional 5,461 shares during the last quarter. Finally, Redwood Investments LLC boosted its position in shares of Amsurg Corp. by 20.3% in the fourth quarter. Redwood Investments LLC now owns 28,011 shares of the company’s stock worth $2,129,000 after buying an additional 4,732 shares during the last quarter.
AmSurg Corp. is a surgical center and physician services company. The Company is an owner and operator of ambulatory surgery centers (ASCs) in the United States. The Company is also a provider of outsourced physician services in the areas of anesthesiology, children’s services, emergency medicine and radiology.
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