Stock Analysis:Surgical Care Affliates (NASDAQ:SCAI) Stock Target Has Just Been Increased
In a recent report sent to investors by Jefferies & Co on Thursday, 3 December, Surgical Care Affliates (NASDAQ:SCAI) had its target price upgraded to $37.00. The firm at present has a solid Hold rating on shares.
From a total of 9 analysts covering Surgical Care Affiliates (NASDAQ:SCAI) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 40% of the ratings are positive. The highest target price is $46 while the lowest target price is $34. The mean of all analyst targets is $39.89 with a 15.48% above today’s ($36.37) stock price. Surgical Care Affiliates was the topic of 3 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. JP Morgan initiated shares on September 16 with “Neutral” rating.
Approximately 35,159 shares of stock traded hands. Surgical Care Affiliates Inc (NASDAQ:SCAI) has declined 3.74% since April 30, 2015 and is downtrending. It has underperformed by 3.45% the S&P500.
Surgical Care Affiliates, Inc. is a national well-known provider of solutions to physicians, health systems and payors. The company has a market cap of $1.43 billion. The Firm operates a network of outpatient surgery facilities in the United States, which as of December 31, 2014, consisted of 179 ambulatory surgery centers (ASCs), six surgical hospitals and one sleep center with 11 locations. It has 10.93 P/E ratio. Surgical Care Affiliates offers tools and systems in the areas of clinical benchmarking, clinical best practices, operating efficiency, care coordination and supply chain management.
According to Zacks Investment Research, “Surgical Care Affiliates Inc. operates surgical facilities, including surgery centers, surgical hospitals, and hospital surgery departments. It serves customers throughout the United States. Surgical Care Affiliates Inc. is based in United States.” Get a free copy of the Zacks research report on Surgical Care Affiliates Inc (SCAI).