Cantor Fitzgerald Starts AMERIGROUP (AGP) at Hold; Revenues to Surge, Earnings Could Slow
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Price: $91.70 --0%
Rating Summary:
3 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Cantor Fitzgerald initiates coverage on AMERIGROUP (NYSE: AGP) with a Hold. PT $60.00.
Cantor analyst said, "Amerigroup is well positioned to capitalize on the growing role of Medicaid managed care. It already has more than 250,000 ABD and dual eligible lives, and, except for Georgia, Nevada and Ohio, where it has no ABD lives, and New Mexico, where it has only ABD, all of the company's plans enroll traditional Medicaid members (eligible children, their parents, and pregnant women) and ABD. Increased spending and more normal utilization could hold back margins in 2012. Amerigroup's growth over the next year will require substantial new spending for infrastructure and medical management. New markets and more complex care associated with the disabled that account for much of next year's growth in Texas have higher-than-average medical costs. Medical costs were already headed higher in 2012 because of more normal utilization and less favorable development that is exacerbated by lower rates."
For an analyst ratings summary and ratings history on AMERIGROUP click here. For more ratings news on AMERIGROUP click here.
Shares of AMERIGROUP closed at $56.90 yesterday.
Cantor analyst said, "Amerigroup is well positioned to capitalize on the growing role of Medicaid managed care. It already has more than 250,000 ABD and dual eligible lives, and, except for Georgia, Nevada and Ohio, where it has no ABD lives, and New Mexico, where it has only ABD, all of the company's plans enroll traditional Medicaid members (eligible children, their parents, and pregnant women) and ABD. Increased spending and more normal utilization could hold back margins in 2012. Amerigroup's growth over the next year will require substantial new spending for infrastructure and medical management. New markets and more complex care associated with the disabled that account for much of next year's growth in Texas have higher-than-average medical costs. Medical costs were already headed higher in 2012 because of more normal utilization and less favorable development that is exacerbated by lower rates."
For an analyst ratings summary and ratings history on AMERIGROUP click here. For more ratings news on AMERIGROUP click here.
Shares of AMERIGROUP closed at $56.90 yesterday.
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