MEDNAX Inc (MD) Receives $52.17 Consensus Target Price from Analysts

Shares of MEDNAX Inc (NYSE:MD) have received an average rating of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $51.75.

Several analysts recently weighed in on MD shares. Leerink Swann upgraded MEDNAX from a “market perform” rating to an “outperform” rating in a report on Monday, September 24th. Zacks Investment Research raised MEDNAX from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Robert W. Baird lowered their price objective on MEDNAX from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, October 19th. ValuEngine raised MEDNAX from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. Finally, Credit Suisse Group raised MEDNAX from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $47.00 to $55.00 in a research note on Friday, August 3rd.

In other MEDNAX news, insider John C. Pepia sold 3,500 shares of MEDNAX stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $48.18, for a total value of $168,630.00. Following the sale, the insider now owns 30,148 shares in the company, valued at $1,452,530.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in MEDNAX by 39.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,764,948 shares of the company’s stock worth $82,353,000 after purchasing an additional 500,538 shares in the last quarter. Eagle Boston Investment Management Inc. grew its stake in MEDNAX by 5.2% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 257,103 shares of the company’s stock worth $11,996,000 after purchasing an additional 12,595 shares in the last quarter. Swiss National Bank grew its stake in MEDNAX by 1.1% during the 3rd quarter. Swiss National Bank now owns 164,800 shares of the company’s stock worth $7,690,000 after purchasing an additional 1,800 shares in the last quarter. Commonwealth Bank of Australia acquired a new position in MEDNAX during the 3rd quarter worth $531,000. Finally, Prudential Financial Inc. grew its stake in MEDNAX by 1.4% during the 3rd quarter. Prudential Financial Inc. now owns 744,763 shares of the company’s stock worth $34,751,000 after purchasing an additional 10,085 shares in the last quarter. Hedge funds and other institutional investors own 96.24% of the company’s stock.

Shares of MD traded up $0.06 during trading hours on Friday, hitting $40.53. The company had a trading volume of 26,356 shares, compared to its average volume of 1,151,714. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $3.53 billion, a PE ratio of 12.87, a P/E/G ratio of 1.05 and a beta of 0.33. MEDNAX has a 52-week low of $37.26 and a 52-week high of $63.04.

MEDNAX (NYSE:MD) last issued its earnings results on Thursday, November 1st. The company reported $0.94 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.03). MEDNAX had a return on equity of 10.45% and a net margin of 9.50%. The business had revenue of $896.60 million during the quarter, compared to analysts’ expectations of $908.15 million. During the same period last year, the firm posted $0.87 EPS. MEDNAX’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that MEDNAX will post 3.57 EPS for the current year.

MEDNAX Company Profile

MEDNAX, Inc, together with its subsidiaries, provides newborn, anesthesia, maternal-fetal, radiology, pediatric cardiology, and other pediatric subspecialties physician services in the United States and Puerto Rico. It offers neonatal care services, such as clinical care to babies born prematurely or with complications within specific units at hospitals through neonatal physician subspecialists, neonatal nurse practitioners, and other pediatric clinicians; anesthesia and anesthesia subspecialty care; and acute and chronic pain management services.

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Analyst Recommendations for MEDNAX (NYSE:MD)

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