agilon health (NYSE:AGL) Stock Price Down 7.1% After Analyst Downgrade

Shares of agilon health, inc. (NYSE:AGL) traded down 7.1% during mid-day trading on Wednesday after Stifel Nicolaus lowered their price target on the stock from $8.00 to $7.00. Stifel Nicolaus currently has a hold rating on the stock. agilon health traded as low as $5.09 and last traded at $5.11. 1,049,358 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 5,599,430 shares. The stock had previously closed at $5.50.

A number of other research analysts have also weighed in on the stock. SVB Leerink lowered shares of agilon health from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Wolfe Research lowered shares of agilon health from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 8th. Royal Bank of Canada decreased their target price on shares of agilon health from $11.00 to $8.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Benchmark decreased their target price on shares of agilon health from $13.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Finally, Barclays assumed coverage on shares of agilon health in a research report on Wednesday, March 6th. They set an “underweight” rating and a $5.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.32.

Hedge Funds Weigh In On agilon health

Several institutional investors have recently modified their holdings of AGL. CWM LLC grew its stake in shares of agilon health by 83.7% during the third quarter. CWM LLC now owns 1,585 shares of the company’s stock worth $28,000 after purchasing an additional 722 shares in the last quarter. SG Americas Securities LLC lifted its position in agilon health by 98.3% in the third quarter. SG Americas Securities LLC now owns 12,886 shares of the company’s stock valued at $229,000 after acquiring an additional 6,389 shares during the last quarter. Handelsbanken Fonder AB lifted its position in agilon health by 28.8% in the third quarter. Handelsbanken Fonder AB now owns 42,000 shares of the company’s stock valued at $746,000 after acquiring an additional 9,400 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in agilon health by 46.4% in the third quarter. Harbor Capital Advisors Inc. now owns 7,717 shares of the company’s stock valued at $137,000 after acquiring an additional 2,445 shares during the last quarter. Finally, Xponance Inc. lifted its position in agilon health by 7.5% in the third quarter. Xponance Inc. now owns 37,685 shares of the company’s stock valued at $669,000 after acquiring an additional 2,633 shares during the last quarter.

agilon health Trading Down 9.9 %

The stock has a market capitalization of $2.04 billion, a PE ratio of -7.62 and a beta of 0.49. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average is $5.49 and its two-hundred day moving average is $9.20.

agilon health (NYSE:AGL) last announced its 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 period in the previous year, the company posted ($0.14) earnings per share. agilon health’s quarterly revenue was up 71.8% on a year-over-year basis. On average, analysts anticipate that agilon health, inc. will post -0.35 earnings per share for the current fiscal year.

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.