agilon health (NYSE:AGL) Coverage Initiated by Analysts at Citigroup

Citigroup began coverage on shares of agilon health (NYSE:AGL) in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $6.00 price target on the stock. Citigroup’s price target indicates a potential upside of 12.36% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Wolfe Research cut agilon health from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 8th. Evercore ISI reduced their price objective on agilon health from $7.00 to $6.00 and set an “in-line” rating for the company in a research note on Wednesday, February 28th. Royal Bank of Canada reduced their price objective 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. Jefferies Financial Group restated a “hold” rating and issued a $6.50 price objective (down from $25.00) on shares of agilon health in a research note on Monday, February 26th. Finally, Leerink Partnrs cut agilon health from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.46.

agilon health Trading Up 3.5 %

agilon health stock opened at $5.34 on Monday. The stock has a 50-day moving average of $5.68 and a two-hundred day moving average of $9.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.51 and a current ratio of 1.51. agilon health has a one year low of $4.41 and a one year high of $26.75. The stock has a market cap of $2.20 billion, a PE ratio of -8.22 and a beta of 0.49.

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

Institutional Trading of agilon health

Several institutional investors have recently bought and sold shares of the business. Capital World Investors grew its holdings in 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 grew its holdings in agilon health by 8.9% in the third quarter. Morgan Stanley now owns 44,819,378 shares of the company’s stock valued at $795,992,000 after purchasing an additional 3,674,311 shares during the period. Wellington Management Group LLP grew its holdings in agilon health by 2.9% in the fourth quarter. Wellington Management Group LLP now owns 42,510,030 shares of the company’s stock valued at $533,501,000 after purchasing an additional 1,191,253 shares during the period. Vanguard Group Inc. boosted its stake in shares of agilon health by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 28,576,261 shares of the company’s stock worth $358,632,000 after acquiring an additional 220,986 shares during the last quarter. Finally, Capital International Investors boosted its stake in shares of agilon health by 16.2% in the fourth quarter. Capital International Investors now owns 10,934,636 shares of the company’s stock worth $137,230,000 after acquiring an additional 1,521,995 shares during 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.