Oppenheimer Maintains an 'Outperform' on AMERIGROUP (AGP); Raising Numbers on Solid Q4
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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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Oppenheimer maintains an 'Outperform' on AMERIGROUP (NYSE: AGP) price target raised from $72 to $85.
Analyst, Michael Wiederhorn, said, "AGP produced solid 4Q results, and the market has smartly looked past the expected slow earnings ramp-up as the tremendous longer-term opportunity continues to grow larger. 4Q11 EPS was $0.67, vs. our estimate of $0.61, even though transient business development and litigation costs totaled 70 bps ($0.14/share). AGP issued its annual 2012 guidance parameters, which imply EPS of ~$2.50-4.50, but management suggested it could be running above the top-end of the range by year-end. Although we are maintaining our FY2012 EPS estimate of $3.86, we are raising our FY2013 EPS estimate to $5.05, from $4.77."
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 $71.57 yesterday.
Analyst, Michael Wiederhorn, said, "AGP produced solid 4Q results, and the market has smartly looked past the expected slow earnings ramp-up as the tremendous longer-term opportunity continues to grow larger. 4Q11 EPS was $0.67, vs. our estimate of $0.61, even though transient business development and litigation costs totaled 70 bps ($0.14/share). AGP issued its annual 2012 guidance parameters, which imply EPS of ~$2.50-4.50, but management suggested it could be running above the top-end of the range by year-end. Although we are maintaining our FY2012 EPS estimate of $3.86, we are raising our FY2013 EPS estimate to $5.05, from $4.77."
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 $71.57 yesterday.
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