Agiliti, Inc. (NYSE:AGTI) Receives $17.29 Consensus Target Price from Analysts

Agiliti, Inc. (NYSE:AGTI) has been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $16.14.

A number of brokerages have issued reports on AGTI. Morgan Stanley lowered shares of Agiliti from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $15.00 to $10.00 in a research note on Thursday, August 24th. KeyCorp cut their price objective on shares of Agiliti from $23.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 9th. Bank of America lowered shares of Agiliti from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $18.00 to $11.00 in a research note on Tuesday, September 5th. Raymond James lowered shares of Agiliti from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 10th. Finally, Citigroup lowered shares of Agiliti from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $13.00 in a research note on Tuesday, August 15th.

Agiliti Trading Down 2.3 %

Shares of Agiliti stock opened at $8.03 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.38 and a debt-to-equity ratio of 1.13. Agiliti has a 12-month low of $7.88 and a 12-month high of $20.17. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 401.70, a PEG ratio of 11.52 and a beta of 1.33. The firm’s 50 day simple moving average is $13.63 and its two-hundred day simple moving average is $14.76.

Agiliti (NYSE:AGTI) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. Agiliti had a net margin of 0.38% and a return on equity of 8.70%. The business had revenue of $291.08 million for the quarter, compared to analyst estimates of $284.22 million. Analysts predict that Agiliti will post 0.46 EPS for the current year.

Insider Activity at Agiliti

In related news, Director Thomas J. Leonard sold 27,558 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $17.27, for a total transaction of $475,926.66. Following the sale, the director now owns 900,890 shares in the company, valued at $15,558,370.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Agiliti news, Director Thomas J. Leonard sold 27,558 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $17.27, for a total transaction of $475,926.66. Following the transaction, the director now directly owns 900,890 shares of the company’s stock, valued at $15,558,370.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO James B. Pekarek sold 15,000 shares of the stock in a transaction on Friday, July 7th. The shares were sold at an average price of $16.14, for a total transaction of $242,100.00. Following the transaction, the chief financial officer now directly owns 204,071 shares in the company, valued at $3,293,705.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 218,497 shares of company stock worth $3,616,683. 4.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Agiliti

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Agiliti by 17.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,323 shares of the company’s stock worth $85,000 after buying an additional 789 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Agiliti by 4.4% in the second quarter. Victory Capital Management Inc. now owns 20,209 shares of the company’s stock worth $333,000 after buying an additional 844 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Agiliti by 180.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,536 shares of the company’s stock worth $25,000 after buying an additional 989 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Agiliti by 2.4% in the first quarter. Goldman Sachs Group Inc. now owns 49,865 shares of the company’s stock worth $1,052,000 after buying an additional 1,150 shares in the last quarter. Finally, American International Group Inc. lifted its stake in shares of Agiliti by 10.1% in the second quarter. American International Group Inc. now owns 12,845 shares of the company’s stock worth $263,000 after buying an additional 1,177 shares in the last quarter.

Agiliti Company Profile

Agiliti, Inc, together with its subsidiaries, provides healthcare technology management and service solutions to the healthcare industry in the United States. The company offers onsite managed services that are comprehensive programs for the management, reprocessing, and logistics of medical equipment at individual facilities and integrated delivery networks to monitor and adjust equipment quantities and availability to address fluctuations in patient census and acuity.