Mednax Inc. Reaches New 12-Month High at $100.97 (MD)
Shares of Mednax (NYSE:MD) hit a new 52-week high during trading on Wednesday, AnalystRatingsNetwork.com reports. The stock traded as high as $100.97 and last traded at $100.52, with a volume of 225,681 shares trading hands. The stock had previously closed at $99.65.
A number of analysts have recently weighed in on MD shares. Analysts at Credit Suisse raised their price target on shares of Mednax (NYSE:MD) from $90.00 to $97.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. Separately, analysts at Piper Jaffray Cos. raised their price target on shares of Mednax (NYSE:MD) from $100.00 to $112.00 in a research note to investors on Wednesday, July 31st. They now have an “overweight” rating on the stock. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of Mednax (NYSE:MD) in a research note to investors on Monday, July 8th. They set a “market perform” rating on the stock. They noted that the move was a valuation call.
Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $94.89.
Mednax has a 52-week low of $67.86 and a 52-week high of $100.97. The stock has a 50-day moving average of $97.98 and a 200-day moving average of $91.69. The company has a market cap of $4.998 billion and a P/E ratio of 19.47.
Mednax (NYSE:MD) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.36 by $0.01. The company had revenue of $529.18 million for the quarter, compared to the consensus estimate of $533.39 million. During the same quarter in the prior year, the company posted $1.22 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Analysts expect that Mednax will post $5.46 EPS for the current fiscal year.
MEDNAX, Inc (NYSE:MD) is a provider of physician services, including newborn, maternal-fetal, pediatric subspecialties and anesthesia care.
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