Surgery Partners, Inc. (SGRY) Increases Again; Strong Momentum for Buyers

December 7, 2017 - By Louis Casey

The stock of Surgery Partners, Inc. (NASDAQ:SGRY) is a huge mover today! The stock increased 5.99% or $0.5 during the last trading session, reaching $8.85. About 418,984 shares traded. Surgery Partners, Inc. (NASDAQ:SGRY) has risen 53.68% since December 7, 2016 and is uptrending. It has outperformed by 36.98% the S&P500.
The move comes after 8 months positive chart setup for the $431.61M company. It was reported on Dec, 7 by Barchart.com. We have $9.65 PT which if reached, will make NASDAQ:SGRY worth $38.84 million more.

Analysts await Surgery Partners, Inc. (NASDAQ:SGRY) to report earnings on March, 8. They expect $0.13 EPS, down 31.58 % or $0.06 from last year’s $0.19 per share. SGRY’s profit will be $6.34 million for 17.02 P/E if the $0.13 EPS becomes a reality. After $-0.04 actual EPS reported by Surgery Partners, Inc. for the previous quarter, Wall Street now forecasts -425.00 % EPS growth.

Surgery Partners, Inc. (NASDAQ:SGRY) Ratings Coverage

Among 10 analysts covering Surgery Partners (NASDAQ:SGRY), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. Surgery Partners had 29 analyst reports since October 26, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, June 21 report. The stock has “Buy” rating by Citigroup on Monday, November 13. On Wednesday, August 9 the stock rating was downgraded by Stifel Nicolaus to “Sell”. Citigroup maintained the stock with “Buy” rating in Friday, August 11 report. The stock has “Market Perform” rating by Raymond James on Wednesday, August 9. The rating was initiated by Jefferies on Monday, October 26 with “Buy”. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, October 26. Benchmark initiated the shares of SGRY in report on Tuesday, January 31 with “Buy” rating. The firm earned “Overweight” rating on Friday, June 10 by KeyBanc Capital Markets. The rating was maintained by Jefferies with “Buy” on Tuesday, June 27.

More notable recent Surgery Partners, Inc. (NASDAQ:SGRY) news were published by: Seekingalpha.com which released: “Surgery Partners’ (SGRY) Management on Q3 2017 Results – Earnings Call Transcript” on November 09, 2017, also Globenewswire.com with their article: “Surgery Partners, Inc. Announces Third Quarter 2017 Earnings Release Date and …” published on November 01, 2017, Globenewswire.com published: “Surgery Partners, Inc. Announces Third Quarter 2017 Results” on November 08, 2017. More interesting news about Surgery Partners, Inc. (NASDAQ:SGRY) were released by: Seekingalpha.com and their article: “Surgery Partners’ (SGRY) CEO Brett Roberts on Q2 2017 Results – Earnings Call …” published on August 09, 2017 as well as Forbes.com‘s news article titled: “Surgery Partners Stock Plummets After Q2 Results Hint At Integration Challenges” with publication date: August 10, 2017.

Surgery Partners, Inc., through its subsidiaries, operates surgical facilities in the United States. The company has market cap of $431.61 million. The firm operates through three divisions: Surgical Facility Services, Ancillary Services, and Optical Services. It currently has negative earnings. The Company’s surgical facilities comprise ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including gastrointestinal, general surgery, ophthalmology, orthopedics, and pain management.

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