Agiliti (NYSE:AGTI) Receives “Market Perform” Rating from Raymond James

Raymond James reiterated their market perform rating on shares of Agiliti (NYSE:AGTI) in a research report report published on Tuesday, Benzinga reports.

AGTI has been the topic of a number of other reports. KeyCorp started coverage on Agiliti in a report on Tuesday, February 6th. They issued a sector weight rating on the stock. UBS Group reissued a neutral rating and issued a $10.00 price objective on shares of Agiliti in a report on Thursday, March 7th. TheStreet raised Agiliti from a d rating to a c- rating in a report on Tuesday, March 5th. Finally, Craig Hallum started coverage on Agiliti in a report on Thursday, January 4th. They issued a buy rating and a $23.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $14.17.

Agiliti Stock Performance

Shares of NYSE:AGTI opened at $10.12 on Tuesday. The business’s 50-day moving average is $8.66 and its 200 day moving average is $7.55. Agiliti has a 1 year low of $5.07 and a 1 year high of $18.61. The firm has a market capitalization of $1.38 billion, a P/E ratio of -72.28 and a beta of 1.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.72 and a quick ratio of 1.34.

Agiliti (NYSE:AGTI) last announced its earnings results on Tuesday, March 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Agiliti had a positive return on equity of 6.47% and a negative net margin of 1.65%. The company had revenue of $291.99 million for the quarter, compared to analyst estimates of $291.99 million. On average, research analysts predict that Agiliti will post 0.49 earnings per share for the current fiscal year.

Insider Activity at Agiliti

In related news, EVP Lee M. Neumann sold 4,685 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $10.07, for a total transaction of $47,177.95. Following the sale, the executive vice president now directly owns 34,614 shares of the company’s stock, valued at $348,562.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Thomas J. Leonard sold 27,558 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $7.23, for a total transaction of $199,244.34. Following the sale, the chief executive officer now directly owns 1,966,374 shares of the company’s stock, valued at $14,216,884.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lee M. Neumann sold 4,685 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $10.07, for a total transaction of $47,177.95. Following the transaction, the executive vice president now owns 34,614 shares of the company’s stock, valued at $348,562.98. The disclosure for this sale can be found here. Insiders sold a total of 59,801 shares of company stock worth $447,871 in the last three months. Company insiders own 4.49% of the company’s stock.

Hedge Funds Weigh In On Agiliti

Large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its position in Agiliti by 180.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,536 shares of the company’s stock worth $25,000 after acquiring an additional 989 shares during the period. Macquarie Group Ltd. acquired a new position in Agiliti during the second quarter worth $28,000. Clear Street Markets LLC acquired a new position in Agiliti during the fourth quarter worth $40,000. Quest Partners LLC acquired a new stake in shares of Agiliti in the fourth quarter valued at about $44,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Agiliti by 682.0% in the third quarter. PNC Financial Services Group Inc. now owns 7,187 shares of the company’s stock valued at $47,000 after buying an additional 6,268 shares during the last quarter. 99.12% of the stock is currently owned by institutional investors and hedge funds.

Agiliti Company Profile

Agiliti, Inc, together with its subsidiaries, provides healthcare technology management and service solutions to the healthcare industry in the United States. The company offers onsite managed services that are comprehensive programs for the management, reprocessing, and logistics of medical equipment at individual facilities and integrated delivery networks to monitor and adjust equipment quantities and availability to address fluctuations in patient census and acuity.