Wells Fargo Initiates Coverage on Amsurg Corp to Market Perform

Wells Fargo Initiates Coverage on Amsurg Corp(NASDAQ:AMSG). The shares have been rated Market Perform. The rating by Wells Fargo was issued on Jun 15, 2016.

In a different note, Mizuho Securities said it Initiates Coverage on Amsurg Corp, according to a research note issued on Apr 1, 2016. The shares have been rated ‘Buy’ by the firm.

Amsurg Corp (AMSG) shares turned negative on Tuesdays trading session with the shares closing down -0.38 points or -0.47% at a volume of 8,58,308. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $81.2399. The peak price level was also seen at $81.2399 while the days lowest was $79.39. Finally the shares closed at $80.42. The 52-week high of the shares is $87.4199 while the 52-week low is $54.11. According to the latest information available, the market cap of the company is $4,407 M.

Amsurg Corp(AMSG) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $724.68M. Analysts had an estimated revenue of $705.27M. Earnings per share were $0.82. Analysts had estimated an EPS of $0.78.

Several Insider Transactions has been reported to the SEC. On Sep 3, 2015, Christopher A Holden (President and CEO) sold 3,000 shares at $77.00 per share price.Also, On Aug 17, 2015, Claire M Gulmi (Executive VP & CFO) sold 15,000 shares at $84.74 per share price.On Aug 11, 2015, Robert Jon Coward (Executive Vice President) sold 30,000 shares at $83.23 per share price, according to the Form-4 filing with the securities and exchange commission.

AmSurg Corp. is the owner and operator of ambulatory surgery centers (ASCs) in the United States. The Company is also a provider of outsourced physician services in the areas of anesthesiology children’s services emergency medicine and radiology. The Company operates in two segments: ambulatory surgery services and outsourced physician services. The ambulatory services segment which acquires develops and operates ambulatory surgery centers in partnership with physicians. The physician services segment which provides outsourced physician services in multiple specialties to hospitals ambulatory surgery centers and other healthcare facilities primarily in the areas of anesthesiology children’s services emergency medicine and radiology. It operated approximately 246 ASCs in over 34 states and the District of Columbia in partnership with approximately 2000 physicians and provided physician services to over 320 healthcare facilities in 24 states.

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