Surgery Partners Inc (SGRY) stock: 12-month forecast projects 63.51% potential return%

Surgery Partners Inc [SGRY] stock prices are down -0.17% to $29.05 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SGRY shares have gain 8.11% over the last week, with a monthly amount glided 15.97%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Surgery Partners Inc [NASDAQ: SGRY] stock has seen the most recent analyst activity on June 28, 2024, when Macquarie initiated its Outperform rating and assigned the stock a price target of $31. Previously, Barclays started tracking the stock with Equal Weight rating on March 06, 2024, and set its price target to $35. On November 14, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $35 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $45 on June 02, 2023. Mizuho initiated its recommendation with a Buy and recommended $48 as its price target on May 12, 2023. Cantor Fitzgerald started tracking with a Overweight rating for this stock on April 21, 2023, and assigned it a price target of $43. In a note dated November 23, 2022, RBC Capital Mkts reiterated an Outperform rating on this stock and revised its target price from $58 to $48.

The stock price of Surgery Partners Inc [SGRY] has been fluctuating between $22.05 and $43.81 over the past year. Currently, Wall Street analysts expect the stock to reach $47.5 within the next 12 months. Surgery Partners Inc [NASDAQ: SGRY] shares were valued at $29.05 at the most recent close of the market. An investor can expect a potential return of 63.51% based on the average SGRY price forecast.

Analyzing the SGRY fundamentals

The Surgery Partners Inc [NASDAQ:SGRY] reported sales of 2.79B for trailing twelve months, representing a surge of 7.69%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.13.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.44 points at the first support level, and at 27.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.08, and for the 2nd resistance point, it is at 31.11.

Ratios To Look Out For

It’s worth pointing out that Surgery Partners Inc [NASDAQ:SGRY]’s Current Ratio is 1.71. Also, the Quick Ratio is 1.56, while the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 1.32, the price to book ratio is 1.88 and price to earnings (TTM) ratio is 9683.33.

Transactions by insiders

Recent insider trading involved Burkhalter Danielle, Chief Human Resources Officer, that happened on Jun 12 ’24 when 6000.0 shares were sold. National Group President, Owens Bradley R. completed a deal on May 31 ’24 to sell 6000.0 shares. Meanwhile, Chief Financial Officer Doherty David T sold 721.0 shares on Mar 14 ’24.

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