agilon health (NYSE:AGL) Receives New Coverage from Analysts at Citigroup

Citigroup assumed coverage on shares of agilon health (NYSE:AGL) in a research report released on Monday, Marketbeat.com reports. The firm issued a neutral rating and a $6.00 price objective on the stock.

AGL has been the topic of several other reports. Barclays began coverage on agilon health in a research report on Wednesday, March 6th. They set an underweight rating and a $5.00 price target on the stock. Evercore ISI decreased their price target on agilon health from $7.00 to $6.00 and set an in-line rating on the stock in a research report on Wednesday, February 28th. TD Cowen cut agilon health from an outperform rating to a market perform rating and decreased their price target for the company from $12.00 to $6.50 in a research report on Monday, February 26th. Leerink Partnrs cut agilon health from an outperform rating to a market perform rating in a research report on Monday, January 8th. Finally, SVB Leerink cut shares of agilon health from an outperform rating to a market perform rating in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $9.46.

agilon health Trading Down 5.4 %

Shares of agilon health stock opened at $5.17 on Monday. agilon health has a 52-week low of $4.41 and a 52-week high of $26.75. The stock’s 50-day simple moving average is $5.71 and its 200 day simple moving average is $9.75. The stock has a market capitalization of $2.12 billion, a P/E ratio of -7.95 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.51 and a current ratio of 1.51.

agilon health (NYSE:AGL) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.13). agilon health had a negative net margin of 5.76% and a negative return on equity of 21.74%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company earned ($0.14) earnings per share. The company’s quarterly revenue was up 71.8% on a year-over-year basis. As a group, research analysts anticipate that agilon health will post -0.35 EPS for the current year.

Institutional Trading of agilon health

A number of institutional investors have recently made changes to their positions in AGL. Capital World Investors boosted its stake in shares of agilon health by 7.4% during the fourth quarter. Capital World Investors now owns 55,218,496 shares of the company’s stock valued at $692,992,000 after purchasing an additional 3,813,214 shares during the period. Morgan Stanley boosted its stake in shares of agilon health by 8.9% during the third quarter. Morgan Stanley now owns 44,819,378 shares of the company’s stock valued at $795,992,000 after purchasing an additional 3,674,311 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of agilon health by 46.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,139,886 shares of the company’s stock valued at $127,256,000 after purchasing an additional 3,195,087 shares during the period. Wellington Management Group LLP boosted its stake in shares of agilon health by 8.3% during the third quarter. Wellington Management Group LLP now owns 41,318,777 shares of the company’s stock valued at $733,821,000 after purchasing an additional 3,162,094 shares during the period. Finally, Norges Bank purchased a new stake in shares of agilon health during the fourth quarter valued at approximately $27,902,000.

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.