Surgery Partners Inc. (SGRY) Receives $22.44 Average PT from Analysts
Surgery Partners Inc. (NASDAQ:SGRY) has received an average rating of “Buy” from the eleven research firms that are currently covering the stock. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $22.40.
A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Surgery Partners from a “sell” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Saturday. Jefferies Group reaffirmed a “buy” rating and set a $27.00 price target on shares of Surgery Partners in a research report on Wednesday, August 10th. Finally, Barclays PLC assumed coverage on shares of Surgery Partners in a research report on Wednesday, July 13th. They set an “equal weight” rating and a $20.00 price target on the stock.
In other Surgery Partners news, VP Jennifer Baldock sold 2,500 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $19.20, for a total value of $48,000.00. Following the transaction, the vice president now directly owns 66,983 shares in the company, valued at $1,286,073.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.10% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in SGRY. BlackRock Inc. increased its position in Surgery Partners by 3.8% in the first quarter. BlackRock Inc. now owns 17,116 shares of the company’s stock valued at $227,000 after buying an additional 632 shares in the last quarter. TimesSquare Capital Management LLC increased its position in Surgery Partners by 55.7% in the first quarter. TimesSquare Capital Management LLC now owns 1,975,000 shares of the company’s stock valued at $26,189,000 after buying an additional 706,300 shares during the period. State Street Corp increased its position in Surgery Partners by 21.7% in the first quarter. State Street Corp now owns 219,801 shares of the company’s stock valued at $2,915,000 after buying an additional 39,142 shares during the period. Geode Capital Management LLC increased its position in Surgery Partners by 1.5% in the first quarter. Geode Capital Management LLC now owns 140,338 shares of the company’s stock valued at $1,860,000 after buying an additional 2,103 shares during the period. Finally, Bellevue Group AG acquired a new position in Surgery Partners during the first quarter valued at approximately $133,000. Hedge funds and other institutional investors own 38.32% of the company’s stock.
Surgery Partners (NASDAQ:SGRY) opened at 20.07 on Tuesday. Surgery Partners has a 12-month low of $11.76 and a 12-month high of $22.32. The company has a market capitalization of $974.00 million and a P/E ratio of 108.49. The stock’s 50 day moving average is $19.48 and its 200-day moving average is $16.80.
Surgery Partners (NASDAQ:SGRY) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. The business had revenue of $289.70 million for the quarter, compared to analyst estimates of $275.99 million. Surgery Partners had a net margin of 2.63% and a return on equity of 18.80%. The business’s quarterly revenue was up 24.4% on a year-over-year basis. On average, equities analysts predict that Surgery Partners will post $0.63 earnings per share for the current fiscal year.
Surgery Partners Company Profile
Surgery Partners, Inc is a healthcare services company. The Company operates in three lines of business across the United States: Surgical Facility Services, Ancillary Services and Optical Services. The Company’s Surgical Facility Services segment consists of the operation of ambulatory surgery centers (ASCs) and surgical hospitals, which include its anesthesia services.
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