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UPDATE: Bank of America Initiates Coverage on Surgical Care Affiliates on Differentiated Growth Story

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In a report published Tuesday, Bank of America analyst Kevin Fischbeck initiated coverage on Surgical Care Affiliates (NASDAQ: SCAI) with a Buy rating and $34.00 price target.

In the report, Bank of America noted, “We initiate Surgical Care Affiliates (SCAI), one of the largest outpatient surgery companies, with a Buy rating and $34 price objective. The unique partnership strategy, mid to high single-digit organic revenue growth and strong EBITDA margins warrant a premium multiple versus AMSG, the only other public ambulatory surgery center operator. Our $34 PO is based on 10.5x our 2015E EBITDA-NCI, essentially rolling forward its current 2014 multiple on to the 2015 EBITDA-NCI.”

Surgical Care Affiliates closed on Monday at $28.88.

Latest Ratings for SCAI

DateFirmActionFromTo
Jan 2017Initiates Coverage OnNeutral
Jun 2016DowngradesBuyNeutral
Feb 2016MaintainsBuy

View More Analyst Ratings for SCAI
View the Latest Analyst Ratings

Posted-In: Bank of America Kevin FischbeckAnalyst Color Initiation Analyst Ratings

 

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