Agilon Health (NYSE:AGL) Shares Gap Up – Should You Buy?

Agilon Health, Inc. (NYSE:AGLGet Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $92.38, but opened at $96.25. Agilon Health shares last traded at $94.5610, with a volume of 15,126 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AGL. Barclays set a $111.00 price target on Agilon Health and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Citigroup raised shares of Agilon Health from a “sell” rating to a “neutral” rating and increased their price objective for the company from $105.00 to $115.00 in a report on Monday, August 10th. Sanford C. Bernstein upgraded shares of Agilon Health from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $86.00 to $125.00 in a research report on Tuesday. Truist Financial set a $112.00 target price on shares of Agilon Health and gave the stock a “hold” rating in a research report on Thursday, August 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $140.00 target price (up from $95.00) on shares of Agilon Health in a research note on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $102.25.

Check Out Our Latest Research Report on Agilon Health

Agilon Health Stock Performance

The company has a market capitalization of $1.49 billion, a P/E ratio of -6.24 and a beta of 3.02. The business has a 50 day moving average of $98.70 and a 200 day moving average of $71.15. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.07.

Agilon Health (NYSE:AGLGet Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.90. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.45 billion. Agilon Health had a negative return on equity of 119.38% and a negative net margin of 3.92%. On average, sell-side analysts predict that Agilon Health, Inc. will post -2.9 earnings per share for the current year.

Institutional Investors Weigh In On Agilon Health

A number of hedge funds have recently bought and sold shares of the business. North Peak Capital Management LLC grew its stake in shares of Agilon Health by 10.8% in the 4th quarter. North Peak Capital Management LLC now owns 38,139,937 shares of the company’s stock worth $26,267,000 after buying an additional 3,715,460 shares in the last quarter. UBS Group AG raised its position in shares of Agilon Health by 250.7% during the 4th quarter. UBS Group AG now owns 3,395,366 shares of the company’s stock valued at $2,339,000 after buying an additional 2,427,136 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Agilon Health during the 4th quarter valued at about $1,408,000. State of Wyoming lifted its holdings in shares of Agilon Health by 64.9% in the 4th quarter. State of Wyoming now owns 359,664 shares of the company’s stock valued at $248,000 after acquiring an additional 141,572 shares during the last quarter. Finally, Simplify Asset Management Inc. lifted its holdings in shares of Agilon Health by 92.0% in the 4th quarter. Simplify Asset Management Inc. now owns 218,810 shares of the company’s stock valued at $151,000 after acquiring an additional 104,834 shares during the last quarter.

About Agilon Health

(Get Free Report)

Agilon Health, Inc is a healthcare company that partners with independent primary care physicians to support the transition from fee-for-service medicine to value-based care. The company focuses primarily on patients enrolled in Medicare Advantage plans and works with physician groups to coordinate care, improve outcomes and manage healthcare costs.

Agilon provides physicians with technology, analytics, operational support and clinical resources designed to help them manage the health of defined patient populations.

Further Reading

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