agilon health, inc. (NYSE:AGL – Get Free Report)’s stock price traded down 5.7% on Monday . The company traded as low as $6.16 and last traded at $6.17. 1,866,494 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 5,345,199 shares. The stock had previously closed at $6.54.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Baird R W raised shares of agilon health to a “hold” rating in a research report on Thursday, May 30th. Truist Financial increased their price target on shares of agilon health from $6.40 to $6.50 and gave the stock a “hold” rating in a research report on Friday, May 24th. Robert W. Baird began coverage on shares of agilon health in a research report on Thursday, May 30th. They set a “neutral” rating and a $6.00 price target on the stock. Citigroup began coverage on shares of agilon health in a research report on Monday, April 22nd. They set a “neutral” rating and a $6.00 price target on the stock. Finally, Stifel Nicolaus reduced their price target on shares of agilon health from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.03.
agilon health Stock Down 7.3 %
The firm’s 50 day simple moving average is $5.91 and its 200 day simple moving average is $6.78. The company has a market cap of $2.49 billion, a price-to-earnings ratio of -8.70 and a beta of 0.60. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.04.
agilon health (NYSE:AGL – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. agilon health had a negative net margin of 5.67% and a negative return on equity of 26.15%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.62 billion. Sell-side analysts anticipate that agilon health, inc. will post -0.34 EPS for the current fiscal year.
Institutional Investors Weigh In On agilon health
Several large investors have recently made changes to their positions in the company. Capital World Investors increased its stake in shares of agilon health by 7.4% in the fourth quarter. Capital World Investors now owns 55,218,496 shares of the company’s stock valued at $692,992,000 after purchasing an additional 3,813,214 shares during the period. Morgan Stanley increased its stake in shares of agilon health by 8.9% during the third quarter. Morgan Stanley now owns 44,819,378 shares of the company’s stock valued at $795,992,000 after acquiring an additional 3,674,311 shares during the period. Wellington Management Group LLP increased its stake in shares of agilon health by 2.9% during the fourth quarter. Wellington Management Group LLP now owns 42,510,030 shares of the company’s stock valued at $533,501,000 after acquiring an additional 1,191,253 shares during the period. Vanguard Group Inc. increased its stake in shares of agilon health by 1.3% during the first quarter. Vanguard Group Inc. now owns 28,947,798 shares of the company’s stock valued at $176,582,000 after acquiring an additional 371,537 shares during the period. Finally, Capital International Investors increased its stake in shares of agilon health by 84.7% during the first quarter. Capital International Investors now owns 20,197,932 shares of the company’s stock valued at $123,207,000 after acquiring an additional 9,263,296 shares during the period.
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.