Citigroup Initiates Coverage on Amsurg Corp to Buy

Citigroup Initiates Coverage on Amsurg Corp(NASDAQ:AMSG). The shares have been rated Buy. The rating by Citigroup was issued on Sep 26, 2016.

Amsurg Corp (AMSG) made into the market gainers list on Thursdays trading session with the shares advancing 2.61% or 1.67 points. Due to strong positive momentum, the stock ended at $65.54, which is also near the day’s high of $66.24. The stock began the session at $63.73 and the volume stood at 15,38,957 shares. The 52-week high of the shares is $87.4199 and the 52 week low is $58.37. The company has a current market capitalization of $3,592 M and it has 5,48,10,106 shares in outstanding.

Amsurg Corp(AMSG) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $758.50M. Analysts had an estimated revenue of $769.88M. Earnings per share were $1.10. Analysts had estimated an EPS of $1.08.

Several Insider Transactions has been reported to the SEC. On Aug 29, 2016, Robert Jon Coward (Executive Vice President) sold 7,500 shares at $63.65 per share price.Also, On Sep 3, 2015, Christopher A Holden (President and CEO) sold 3,000 shares at $77.00 per share price.On Aug 17, 2015, Claire M Gulmi (Executive VP & CFO) sold 15,000 shares at $84.74 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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