Surgery Partners, Inc. (NASDAQ:SGRY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Surgery Partners, Inc. (NASDAQ:SGRY) have been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $40.71.

SGRY has been the topic of several research reports. Royal Bank of Canada reissued an “outperform” rating and set a $49.00 price objective on shares of Surgery Partners in a research note on Wednesday, August 7th. KeyCorp initiated coverage on shares of Surgery Partners in a research note on Friday, October 11th. They set a “sector weight” rating on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $43.00 price objective on shares of Surgery Partners in a research note on Friday, October 4th. StockNews.com downgraded shares of Surgery Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Finally, Macquarie dropped their target price on shares of Surgery Partners from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th.

Surgery Partners Price Performance

SGRY stock opened at $21.83 on Tuesday. Surgery Partners has a 12-month low of $21.54 and a 12-month high of $36.92. The company has a current ratio of 1.80, a quick ratio of 1.69 and a debt-to-equity ratio of 0.99. The firm’s 50-day moving average price is $30.62 and its two-hundred day moving average price is $28.48. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of -45.48, a PEG ratio of 16.86 and a beta of 2.76.

Surgery Partners (NASDAQ:SGRY) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.06). Surgery Partners had a negative net margin of 2.03% and a positive return on equity of 2.85%. The company had revenue of $770.40 million for the quarter, compared to analysts’ expectations of $768.99 million. During the same quarter in the prior year, the firm earned $0.15 EPS. Surgery Partners’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities analysts predict that Surgery Partners will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGRY. Janus Henderson Group PLC lifted its position in Surgery Partners by 7,987.1% during the first quarter. Janus Henderson Group PLC now owns 2,504,248 shares of the company’s stock valued at $74,701,000 after purchasing an additional 2,473,282 shares during the period. Deerfield Management Company L.P. Series C increased its holdings in Surgery Partners by 47.7% during the second quarter. Deerfield Management Company L.P. Series C now owns 4,707,287 shares of the company’s stock valued at $111,986,000 after buying an additional 1,520,484 shares during the last quarter. King Street Capital Management L.P. purchased a new stake in shares of Surgery Partners in the third quarter worth $46,748,000. Point72 Asset Management L.P. purchased a new stake in shares of Surgery Partners in the second quarter worth $29,288,000. Finally, Victory Capital Management Inc. increased its stake in shares of Surgery Partners by 140.4% in the third quarter. Victory Capital Management Inc. now owns 1,330,399 shares of the company’s stock worth $42,892,000 after purchasing an additional 777,038 shares in the last quarter.

Surgery Partners Company Profile

Surgery Partners, Inc, together with its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company provides ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including orthopedics and pain management, ophthalmology, gastroenterology, and general surgery.