agilon health (NYSE:AGL) Stock Price Up 8.5% – Still a Buy?

agilon health, inc. (NYSE:AGL) shares shot up 8.5% during trading on Friday . The stock traded as high as $4.49 and last traded at $4.45. 1,325,562 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 4,606,922 shares. The stock had previously closed at $4.10.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AGL. Stifel Nicolaus boosted their target price on agilon health from $2.00 to $3.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Sanford C. Bernstein upped their price objective on shares of agilon health from $2.50 to $3.15 and gave the company a “market perform” rating in a research report on Wednesday, January 15th. Citigroup raised shares of agilon health from a “sell” rating to a “neutral” rating and upped their target price for the stock from $1.75 to $2.25 in a research note on Friday, January 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of agilon health in a research note on Friday. Finally, Macquarie assumed coverage on shares of agilon health in a research note on Monday, December 16th. They issued a “neutral” rating and a $3.00 target price for the company. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.95.

agilon health Stock Performance

The stock’s 50 day moving average price is $3.51 and its 200 day moving average price is $2.95. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -4.80 and a beta of 0.67.

Institutional Investors Weigh In On agilon health

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in agilon health by 326.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,415,419 shares of the company’s stock valued at $5,563,000 after acquiring an additional 1,083,492 shares during the period. Inspire Investing LLC raised its holdings in agilon health by 106.6% in the 4th quarter. Inspire Investing LLC now owns 217,550 shares of the company’s stock valued at $413,000 after acquiring an additional 112,241 shares during the period. Citigroup Inc. raised its holdings in agilon health by 2,251.5% in the 3rd quarter. Citigroup Inc. now owns 2,028,246 shares of the company’s stock valued at $7,971,000 after acquiring an additional 1,941,993 shares during the period. Geode Capital Management LLC raised its holdings in agilon health by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 6,893,517 shares of the company’s stock valued at $27,097,000 after acquiring an additional 84,889 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of agilon health during the fourth quarter worth approximately $97,000.

agilon health Company Profile

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.