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.
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