Analysts Set Option Care Health, Inc. (NASDAQ:OPCH) Price Target at $28.57

Option Care Health, Inc. (NASDAQ:OPCH) has earned an average rating of “Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $28.14.

Several research firms have recently weighed in on OPCH. TheStreet raised Option Care Health from a “c+” rating to a “b” rating in a report on Thursday, December 9th. Zacks Investment Research upgraded Option Care Health from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Saturday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Option Care Health from $23.50 to $32.00 and gave the stock a “buy” rating in a research report on Friday, November 5th.

In other Option Care Health news, COO Harriet Booker sold 6,000 shares of the firm’s stock in a transaction dated Monday, December 6th. The stock was sold at an average price of $24.81, for a total value of $148,860.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 18,000 shares of company stock worth $474,180. 47.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Virginia Retirement Systems ET AL boosted its position in Option Care Health by 69.9% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 52,000 shares of the company’s stock valued at $1,262,000 after purchasing an additional 21,400 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of Option Care Health during the second quarter worth $34,031,000. Swiss National Bank raised its position in shares of Option Care Health by 108.8% during the second quarter. Swiss National Bank now owns 178,300 shares of the company’s stock worth $3,899,000 after purchasing an additional 92,900 shares during the period. Nisa Investment Advisors LLC raised its position in Option Care Health by 483.3% during the third quarter. Nisa Investment Advisors LLC now owns 7,000 shares of the company’s stock valued at $170,000 after buying an additional 5,800 shares during the period. Finally, Senator Investment Group LP acquired a new position in Option Care Health during the second quarter valued at $32,805,000. Institutional investors own 95.99% of the company’s stock.

OPCH stock opened at $24.33 on Wednesday. The company has a market capitalization of $4.38 billion, a P/E ratio of 52.89 and a beta of 1.35. Option Care Health has a twelve month low of $16.02 and a twelve month high of $28.86. The business has a 50 day simple moving average of $26.48 and a 200-day simple moving average of $24.60. The company has a current ratio of 1.67, a quick ratio of 1.28 and a debt-to-equity ratio of 1.02.

Option Care Health (NASDAQ:OPCH) last posted its quarterly earnings data on Thursday, November 4th. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The business had revenue of $891.94 million during the quarter, compared to the consensus estimate of $886.47 million. Option Care Health had a return on equity of 7.86% and a net margin of 2.48%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 earnings per share. Research analysts predict that Option Care Health will post 0.6 EPS for the current fiscal year.

About Option Care Health

Option Care Health, Inc engages in the provision of home and alternate site infusion services. The firm involves in the clinical management of infusion therapy, nursing support, and care coordination. It also offers anti-infective, nutrition support, heart failure, chronic inflammatory disorders, immunoglobulin, bleeding disorders, women’s health, neurological disorders, and specialized therapies.

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