Amsurg Corp (AMSG) is Initiated by Wells Fargo to Market Perform

Amsurg Corp (AMSG) was Initiated by Wells Fargo to “Market Perform”. Wells Fargo advised their investors in a research report released on Jun 15, 2016.

Many Wall Street Analysts have commented on Amsurg Corp. Amsurg Corp was Initiated by Wells Fargo to “Market Perform” on Jun 15, 2016. Company shares were Reiterated by Mizuho on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 90 from a previous price target of $84 .Mizuho Initiated Amsurg Corp on Apr 1, 2016 to “Buy”, Price Target of the shares are set at $84.

On the company’s financial health, Amsurg Corp reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.78. The company had revenue of $724.70 million for the quarter, compared to analysts expectations of $702.21 million. The company’s revenue was up 27.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Amsurg Corp opened for trading at $78.05 and hit $78.99 on the upside on Tuesday, eventually ending the session at $78.48, with a gain of 0.13% or 0.1 points. The heightened volatility saw the trading volume jump to 5,15,929 shares. Company has a market cap of $4,301 M.

In a different news, on Sep 3, 2015, Christopher A Holden (President and CEO) sold 3,000 shares at $77.00 per share price. According to the SEC, on Aug 17, 2015, Claire M Gulmi (Executive VP & CFO) sold 15,000 shares at $84.74 per share price. On Aug 11, 2015, Robert Jon Coward (Executive Vice President) sold 30,000 shares at $83.23 per share price, according to the Form-4 filing with the securities and exchange commission.

AmSurg Corp. is the 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. The Company operates in two segments: ambulatory surgery services and outsourced physician services. The ambulatory services segment which acquires develops and operates ambulatory surgery centers in partnership with physicians. The physician services segment which provides outsourced physician services in multiple specialties to hospitals ambulatory surgery centers and other healthcare facilities primarily in the areas of anesthesiology children’s services emergency medicine and radiology. It operated approximately 246 ASCs in over 34 states and the District of Columbia in partnership with approximately 2000 physicians and provided physician services to over 320 healthcare facilities in 24 states.

Amsurg Corp

Leave a Reply

Amsurg Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Amsurg Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.