Breaking: After Today’s Huge Increase, Is Amsurg Corp’s Near-Term Analysis Positive?

Breaking: After Today's Huge Increase, Is Amsurg Corp's Near Term Analysis Positive?

The stock of Amsurg Corp (NASDAQ:AMSG) is a huge mover today! About 2.07 million shares traded hands or 43.75% up from the average. Amsurg Corp (NASDAQ:AMSG) has declined 19.13% since April 26, 2016 and is downtrending. It has underperformed by 24.39% the S&P500.
The move comes after 9 months positive chart setup for the $3.62 billion company. It was reported on Nov, 29 by Barchart.com. We have $73.36 PT which if reached, will make NASDAQ:AMSG worth $325.80M more.

Analysts await Amsurg Corp (NASDAQ:AMSG) to report earnings on February, 22. They expect $1.19 earnings per share, up 16.67% or $0.17 from last year’s $1.02 per share. AMSG’s profit will be $64.01M for 14.14 P/E if the $1.19 EPS becomes a reality. After $1.06 actual earnings per share reported by Amsurg Corp for the previous quarter, Wall Street now forecasts 12.26% EPS growth.

Amsurg Corp (NASDAQ:AMSG) Ratings Coverage

Out of 9 analysts covering AmSurg (NASDAQ:AMSG), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. AmSurg has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Amsurg Corp (NASDAQ:AMSG) earned “Market Perform” rating by Wells Fargo on Wednesday, June 15. Stephens maintained it with “Overweight” rating and $97 target price in Monday, December 14 report. As per Monday, November 30, the company rating was reinitiated by Goldman Sachs. Barclays Capital initiated it with “Equal-Weight” rating and $85 target price in Wednesday, January 6 report. The stock of Amsurg Corp (NASDAQ:AMSG) has “Outperform” rating given on Wednesday, November 2 by Wells Fargo. The company was maintained on Friday, June 24 by Mizuho. The firm has “Buy” rating given on Friday, April 1 by Mizuho. The firm has “Neutral” rating by Mizuho given on Wednesday, November 9. The firm earned “Buy” rating on Monday, September 26 by Citigroup. The rating was initiated by JP Morgan with “Overweight” on Wednesday, September 16.

According to Zacks Investment Research, “AmSurg Corp. is in the business of developing, acquiring and operating practice-based ambulatory surgery centers, in partnerships with physician practice groups, throughout the United States. An AmSurg surgery center is typically located adjacent to or in the immediate vicinity of the specialty medical practice of a physician group partner’s office. Each of the surgery centers provides a narrow range of high volume, lower-risk surgical procedures, generally in a single specialty.”

Insitutional Activity: The institutional sentiment increased to 1.33 in 2016 Q2. Its up 0.47, from 0.86 in 2016Q1. The ratio improved, as 29 funds sold all Amsurg Corp shares owned while 118 reduced positions. 39 funds bought stakes while 88 increased positions. They now own 52.50 million shares or 5.39% less from 55.50 million shares in 2016Q1.
Jane Street Gp Ltd Liability Co has invested 0% of its portfolio in Amsurg Corp (NASDAQ:AMSG). Robeco Institutional Asset Management Bv last reported 0.01% of its portfolio in the stock. Moreover, Highland Capital Mngmt Lp has 0.37% invested in Amsurg Corp (NASDAQ:AMSG) for 115,839 shares. Renaissance Lc has invested 0.01% of its portfolio in Amsurg Corp (NASDAQ:AMSG). Blackrock holds 32,740 shares or 0% of its portfolio. Moreover, Da Davidson And has 0% invested in Amsurg Corp (NASDAQ:AMSG) for 323 shares. Stoneridge Invest Partners Ltd Com last reported 7,378 shares in the company. Tiaa Cref Inv Ltd Liability Com accumulated 287,026 shares or 0.02% of the stock. Advantus Cap Mgmt holds 6,548 shares or 0.01% of its portfolio. Fuller & Thaler Asset Inc accumulated 0% or 225 shares. Legal And General Gru Public Ltd Com has 0% invested in the company for 10,364 shares. Next Financial Gru holds 0% of its portfolio in Amsurg Corp (NASDAQ:AMSG) for 75 shares. Pinnacle Fincl Prns, a Tennessee-based fund reported 2,887 shares. Oak Associate Oh owns 5,835 shares or 0.05% of their US portfolio. Moreover, Texas Permanent School Fund has 0.04% invested in Amsurg Corp (NASDAQ:AMSG) for 41,340 shares.

Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 2 selling transactions for $960,075 net activity. Coward Robert Jon sold $477,375 worth of stock or 7,500 shares.

Another recent and important Amsurg Corp (NASDAQ:AMSG) news was published by Businesswire.com which published an article titled: “Envision Healthcare and AMSURG Shareholders Approve Merger” on November 28, 2016.

AMSG Company Profile

AmSurg Corp., incorporated on the March 6, 1992, is a surgical center and physician services company. The Firm is an owner and operator of ambulatory surgery centers (ASCs) in the United States. The Firm is also a well-known provider of outsourced physician services in the areas of anesthesiology, children’s services, emergency medicine and radiology. It operates through two divisions: ambulatory services and physician services. The Firm operates approximately 260 ASCs in over 30 states and the District of Columbia in partnership with approximately 2,000 physicians, and provides physician services to over 450 healthcare facilities in approximately 30 states.

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