agilon health (NYSE:AGL) PT Lowered to $7.00 at Stifel Nicolaus

agilon health (NYSE:AGL) had its price target trimmed by Stifel Nicolaus from $8.00 to $7.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

Other research analysts have also recently issued research reports about the stock. Truist Financial cut their price objective on shares of agilon health from $10.00 to $7.50 and set a hold rating on the stock in a research report on Thursday, February 29th. Citigroup assumed coverage on shares of agilon health in a research note on Monday, April 22nd. They issued a neutral rating and a $6.00 price objective for the company. Benchmark cut their target price on agilon health from $13.00 to $9.00 and set a buy rating on the stock in a research note on Thursday, February 29th. Royal Bank of Canada decreased their price target on agilon health from $11.00 to $8.00 and set an outperform rating for the company in a research note on Wednesday, February 28th. Finally, Evercore ISI cut their price objective on agilon health from $7.00 to $6.00 and set an in-line rating on the stock in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $9.32.

agilon health Stock Performance

Shares of NYSE:AGL opened at $4.83 on Wednesday. The firm has a fifty day simple moving average of $5.43 and a two-hundred day simple moving average of $9.14. agilon health has a 52 week low of $4.41 and a 52 week high of $26.75. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.99 billion, a P/E ratio of -7.45 and a beta of 0.52.

agilon health (NYSE:AGL) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.13). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. agilon health had a negative return on equity of 21.74% and a negative net margin of 5.76%. The company’s revenue was up 71.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.14) EPS. On average, analysts expect that agilon health will post -0.35 earnings per share for the current fiscal year.

Institutional Trading of agilon health

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its position in shares of agilon health by 8.3% during the third quarter. Wellington Management Group LLP now owns 41,318,777 shares of the company’s stock valued at $733,821,000 after buying an additional 3,162,094 shares during the last quarter. California Public Employees Retirement System grew its stake in agilon health by 27.7% during the 3rd quarter. California Public Employees Retirement System now owns 413,987 shares of the company’s stock worth $7,352,000 after buying an additional 89,728 shares during the last quarter. Morgan Stanley increased its position in agilon health by 8.9% during the 3rd quarter. Morgan Stanley now owns 44,819,378 shares of the company’s stock valued at $795,992,000 after buying an additional 3,674,311 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in agilon health by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,796,884 shares of the company’s stock valued at $31,913,000 after buying an additional 70,443 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in agilon health by 222.5% in the third quarter. Tower Research Capital LLC TRC now owns 23,660 shares of the company’s stock worth $420,000 after acquiring an additional 16,324 shares in the last quarter.

About agilon health

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.