Surgical Care Affiliates Given “Buy” Rating at Citigroup Inc. (SCAI)
Surgical Care Affiliates (NASDAQ:SCAI)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup Inc. in a report issued on Tuesday. They currently have a $38.00 target price on the stock, down from their previous target price of $42.00. Citigroup Inc.’s target price would indicate a potential upside of 35.47% from the company’s current price.
Surgical Care Affiliates (NASDAQ:SCAI) traded down 0.11% during mid-day trading on Tuesday, hitting $28.02. The stock had a trading volume of 36,323 shares. Surgical Care Affiliates has a 1-year low of $25.50 and a 1-year high of $37.69. The stock’s 50-day moving average is $29.33 and its 200-day moving average is $31.08.
Surgical Care Affiliates (NASDAQ:SCAI) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.15. The company had revenue of $196.00 million for the quarter, compared to the consensus estimate of $199.84 million. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts expect that Surgical Care Affiliates will post $0.98 EPS for the current fiscal year.
Surgical Care Affiliates,Inc operates surgical facilities, including surgery centers, surgical hospitals, and hospital surgery departments.
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