Agilon Health (NYSE:AGL) Trading 8.5% Higher – Here’s What Happened
by Sarita Garza · The Markets DailyAgilon Health, Inc. (NYSE:AGL – Get Free Report)’s stock price shot up 8.5% during mid-day trading on Friday . The company traded as high as $96.08 and last traded at $96.4180. Approximately 54,065 shares were traded during trading, a decline of 85% from the average session volume of 357,666 shares. The stock had previously closed at $88.90.
Wall Street Analysts Forecast Growth
AGL has been the topic of several research reports. Citigroup upgraded shares of Agilon Health from a “sell” rating to a “neutral” rating and raised their price target for the company from $105.00 to $115.00 in a report on Monday. Benchmark reaffirmed a “buy” rating and set a $140.00 price target (up from $95.00) on shares of Agilon Health in a research report on Thursday, August 6th. Jefferies Financial Group upgraded Agilon Health from a “hold” rating to a “buy” rating and increased their price target for the company from $27.50 to $48.00 in a report on Thursday, May 7th. Wall Street Zen raised Agilon Health from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Agilon Health from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $49.00 in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Agilon Health presently has an average rating of “Hold” and an average price target of $86.18.
Read Our Latest Research Report on AGL
Agilon Health Stock Performance
The firm has a market capitalization of $1.63 billion, a PE ratio of -6.81 and a beta of 3.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a 50-day moving average price of $106.88 and a 200-day moving average price of $58.04.
Agilon Health (NYSE:AGL – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.90. Agilon Health had a negative return on equity of 119.38% and a negative net margin of 3.92%.The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.45 billion. On average, research analysts expect that Agilon Health, Inc. will post -2.95 EPS for the current fiscal year.
Institutional Trading of Agilon Health
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alpine Global Management LLC acquired a new position in shares of Agilon Health in the 4th quarter worth approximately $84,000. Great Lakes Advisors LLC bought a new position in Agilon Health during the second quarter worth $702,000. Bank of New York Mellon Corp lifted its stake in Agilon Health by 9.5% during the second quarter. Bank of New York Mellon Corp now owns 35,336 shares of the company’s stock worth $3,787,000 after purchasing an additional 3,074 shares during the last quarter. North Peak Capital Management LLC boosted its holdings in Agilon Health by 10.8% in the fourth quarter. North Peak Capital Management LLC now owns 38,139,937 shares of the company’s stock worth $26,267,000 after purchasing an additional 3,715,460 shares during the period. Finally, LPL Financial LLC boosted its holdings in Agilon Health by 213.4% in the fourth quarter. LPL Financial LLC now owns 44,055 shares of the company’s stock worth $30,000 after purchasing an additional 30,000 shares during the period.
Agilon Health Company Profile
Agilon Health (NYSE: AGL) is a healthcare company that partners with independent primary care physicians to deliver value-based care for Medicare beneficiaries. Through risk-sharing arrangements, Agilon assumes financial responsibility for patient populations, enabling physicians to focus on preventive and proactive health management. The company provides the administrative, clinical and operational infrastructure needed to support comprehensive care delivery.
Agilon’s platform encompasses data analytics, care management, patient engagement tools and population health programs.