Truist Adjusts Price Target on Pediatrix Medical to $31 From $28
Truist has raised its price target for Pediatrix Medical Group, Inc. while maintaining a 'Hold' rating on the stock.
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Truist has raised its price target for Pediatrix Medical Group, Inc. while maintaining a 'Hold' rating on the stock.
Pediatrix Medical Group reported Q3 2026 earnings of $0.72 per share, beating consensus estimates of $0.63 and surpassing revenue expectations. The company has outperformed the S&P 500 by 35.2% year-to-date. However, it received a Zacks Rank #3 (Hold) rating due to mixed estimate revisions, with the Medical Services industry ranking in the bottom 40% of sectors.
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Pediatrix Medical Group, Inc. reported third-quarter 2026 revenue of $501.4 million, exceeding the FactSet consensus estimate of $498.2 million.
Filed: 2026-10-29 AccNo: 0001193125-26-436932 Size: 1 MB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
Pediatrix Medical Group (MD) reported 4% YoY revenue growth to $487.8 million in Q2 2026, driven by improved reimbursement and higher patient acuity, offsetting a 2.1% decline in patient volumes. The company reaffirmed its 2026 adjusted EBITDA guidance of $280-$300 million, though volume trends and easing collection benefits remain key risks.