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Truist Financial Reaffirms Their Hold Rating on Pediatrix Medical Group (MD)
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Truist Financial Reaffirms Their Hold Rating on Pediatrix Medical Group (MD)

Truist Financial analyst David S Macdonald maintained a Hold rating on Pediatrix Medical Group (MDResearch Report) today. The company’s shares closed yesterday at $8.48.

S Macdonald covers the Healthcare sector, focusing on stocks such as Radnet, Cigna, and Option Care Health. According to TipRanks, S Macdonald has an average return of 13.1% and a 64.58% success rate on recommended stocks.

In addition to Truist Financial, Pediatrix Medical Group also received a Hold from Leerink Partners’s Whit Mayo in a report issued on May 7. However, on the same day, Bank of America Securities reiterated a Sell rating on Pediatrix Medical Group (NYSE: MD).

Based on Pediatrix Medical Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $496.44 million and a GAAP net loss of $124.29 million. In comparison, last year the company earned a revenue of $513.84 million and had a net profit of $29.66 million

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Pediatrix Medical Group (MD) Company Description:

MEDNAX, Inc. provides physician services including newborn, anesthesia, maternal-fetal, tele radiology, pediatric cardiology and other pediatric subspecialty care. The company’s solution include anesthesiology & pain management, prenatal, neonatal, pediatric, radiology, tele radiology, revenue cycle management and perioperative improvement consulting. MEDNAX was founded by Roger J. Medel in 1979 and is headquartered in Sunrise, FL.

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