Guggenheim Cuts agilon health (NYSE:AGL) Price Target to $30.00

agilon health (NYSE:AGLGet Rating) had its target price trimmed by Guggenheim from $32.00 to $30.00 in a research note released on Tuesday, The Fly reports.

A number of other research firms also recently issued reports on AGL. Zacks Investment Research upgraded agilon health from a sell rating to a hold rating in a research note on Friday, March 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of agilon health from $30.00 to $29.00 in a research report on Tuesday, January 25th. Finally, SVB Leerink upped their price target on shares of agilon health from $25.00 to $33.00 and gave the company an outperform rating in a research report on Thursday, March 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of $36.13.

AGL stock opened at $19.17 on Tuesday. The stock has a market cap of $7.80 billion and a P/E ratio of -18.79. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.04. agilon health has a twelve month low of $14.36 and a twelve month high of $44.83. The company’s 50 day moving average is $21.47 and its two-hundred day moving average is $21.87.

agilon health (NYSE:AGLGet Rating) last announced its quarterly earnings results on Thursday, March 3rd. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). agilon health had a negative return on equity of 10.34% and a negative net margin of 18.81%. The company had revenue of $462.89 million for the quarter, compared to analyst estimates of $453.53 million. On average, equities research analysts predict that agilon health will post -0.11 earnings per share for the current year.

In other news, Director John William Wulf sold 30,808 shares of the stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $19.10, for a total transaction of $588,432.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Benjamin Shaker sold 79,457 shares of the stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $19.25, for a total value of $1,529,547.25. The disclosure for this sale can be found here. Insiders sold a total of 209,627 shares of company stock worth $4,146,996 in the last 90 days. 3.30% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of AGL. Capital World Investors raised its stake in shares of agilon health by 13.0% during the 4th quarter. Capital World Investors now owns 35,865,953 shares of the company’s stock worth $968,381,000 after buying an additional 4,123,743 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of agilon health by 26.9% in the 3rd quarter. Wellington Management Group LLP now owns 19,063,530 shares of the company’s stock worth $498,864,000 after acquiring an additional 4,043,942 shares during the period. Capital Research Global Investors grew its holdings in shares of agilon health by 90.5% in the 3rd quarter. Capital Research Global Investors now owns 5,720,729 shares of the company’s stock worth $149,940,000 after acquiring an additional 2,717,391 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of agilon health in the 4th quarter worth approximately $28,927,000. Finally, BlackRock Inc. grew its holdings in shares of agilon health by 12.6% in the 3rd quarter. BlackRock Inc. now owns 8,404,236 shares of the company’s stock worth $220,274,000 after acquiring an additional 942,534 shares during the period. 96.24% of the stock is owned by institutional investors and hedge funds.

About agilon health (Get Rating)

agilon health, inc. offers healthcare services for seniors through primary care physicians in the communities of the United States. As of December 31, 2021, it served approximately 238,000 senior members, which included 186,300 medicare advantage members and 51,700 medicare fee-for-service beneficiaries.

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