Option Care Health, Inc. (NASDAQ:OPCH) Receives $33.75 Consensus Price Target from Brokerages

Option Care Health, Inc. (NASDAQ:OPCH) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $35.50.

Several equities analysts recently commented on OPCH shares. Bank of America upgraded Option Care Health from a “neutral” rating to a “buy” rating and upped their price objective for the company from $26.00 to $33.00 in a research note on Monday, January 13th. JMP Securities reissued a “market outperform” rating and set a $36.00 target price on shares of Option Care Health in a report on Tuesday, April 22nd. JPMorgan Chase & Co. increased their price target on shares of Option Care Health from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. UBS Group raised Option Care Health from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $38.00 to $40.00 in a research note on Wednesday. Finally, Jefferies Financial Group raised shares of Option Care Health from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $35.00 in a research note on Thursday, January 23rd.

Option Care Health Trading Up 2.4 %

Shares of Option Care Health stock opened at $32.95 on Monday. The firm has a market cap of $5.41 billion, a PE ratio of 27.69, a P/E/G ratio of 2.30 and a beta of 1.07. Option Care Health has a 1 year low of $21.39 and a 1 year high of $35.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.73 and a quick ratio of 1.32. The stock has a fifty day moving average price of $33.35 and a 200-day moving average price of $28.85.

Option Care Health (NASDAQ:OPCH) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. Option Care Health had a net margin of 4.37% and a return on equity of 15.30%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 earnings per share. Equities research analysts anticipate that Option Care Health will post 1.22 EPS for the current year.

Insiders Place Their Bets

In related news, insider Michael Bavaro sold 30,996 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $33.26, for a total transaction of $1,030,926.96. Following the completion of the sale, the insider now directly owns 44,974 shares in the company, valued at $1,495,835.24. This represents a 40.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp purchased a new position in shares of Option Care Health in the 4th quarter valued at approximately $26,000. UMB Bank n.a. lifted its position in Option Care Health by 41.7% during the fourth quarter. UMB Bank n.a. now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 346 shares during the period. Signaturefd LLC lifted its position in Option Care Health by 487.9% during the fourth quarter. Signaturefd LLC now owns 1,211 shares of the company’s stock valued at $28,000 after buying an additional 1,005 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Option Care Health by 172.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,735 shares of the company’s stock valued at $40,000 after buying an additional 1,099 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Option Care Health by 21.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,870 shares of the company’s stock worth $43,000 after buying an additional 332 shares during the period. 98.05% of the stock is owned by hedge funds and other institutional investors.

Option Care Health Company Profile

Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including crohn’s disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.