Surgical Care Affiliates Downgraded by Zacks to Underperform (SCAI)
Surgical Care Affiliates (NASDAQ:SCAI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday. They currently have a $27.10 price objective on the stock. Zacks‘s target price indicates a potential downside of 5.08% from the stock’s previous close.
Shares of Surgical Care Affiliates (NASDAQ:SCAI) traded up 4.97% during mid-day trading on Tuesday, hitting $29.97. The stock had a trading volume of 59,708 shares. Surgical Care Affiliates has a 52 week low of $25.50 and a 52 week high of $37.69. The stock has a 50-day moving average of $29.30 and a 200-day moving average of $29.77.
Surgical Care Affiliates (NASDAQ:SCAI) last released its earnings data on Wednesday, August 13th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.20. On average, analysts predict that Surgical Care Affiliates will post $1.35 earnings per share for the current fiscal year.
In other Surgical Care Affiliates news, Insider Joseph T. Clark sold 20,000 shares of Surgical Care Affiliates stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $28.52, for a total value of $570,400.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Surgical Care Affiliates,Inc operates surgical facilities, including surgery centers, surgical hospitals, and hospital surgery departments.
To view Zacks’ full report, visit Zacks’ official website.
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