Jefferies Assumes Coverage on Amedisys (AMED) at Hold; Medicare Cuts Equal Fully Valued
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Price: $100.99 --0%
Rating Summary:
6 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
6 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Jefferies assumes coverage on Amedisys (NASDAQ: AMED) with a Hold. PT $14.00 (from $13.00).
Analyst, Brian Tanquilut, said, "While we are encouraged by AMED's improving admissions trends, the (1) new headwind from its HUM contract renegotiation, (2) potential Medicare rate cuts early next year, (3) the scheduled release of the rebasing rule in mid-2013, and (4) the stock's recent run-up make us conclude that AMED is fully valued at current levels."
Lowers FY12 EPS estimates from $1.01 to $1.00, but raises FY13 from $0.81 to $0.91.
For an analyst ratings summary and ratings history on Amedisys click here. For more ratings news on Amedisys click here.
Shares of Amedisys closed at $15.31 yesterday.
Analyst, Brian Tanquilut, said, "While we are encouraged by AMED's improving admissions trends, the (1) new headwind from its HUM contract renegotiation, (2) potential Medicare rate cuts early next year, (3) the scheduled release of the rebasing rule in mid-2013, and (4) the stock's recent run-up make us conclude that AMED is fully valued at current levels."
Lowers FY12 EPS estimates from $1.01 to $1.00, but raises FY13 from $0.81 to $0.91.
For an analyst ratings summary and ratings history on Amedisys click here. For more ratings news on Amedisys click here.
Shares of Amedisys closed at $15.31 yesterday.
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