Royal Bank of Canada cut shares of Aveanna Healthcare (NASDAQ:AVAH – Get Rating) from an outperform rating to a sector perform rating in a report released on Monday morning, Marketbeat reports. Royal Bank of Canada currently has $3.00 target price on the stock, down from their previous target price of $7.00.
Other equities research analysts also recently issued reports about the company. Credit Suisse Group downgraded Aveanna Healthcare from an outperform rating to a neutral rating and lowered their target price for the stock from $5.50 to $2.00 in a report on Thursday, November 17th. Barclays decreased their price objective on Aveanna Healthcare from $7.00 to $5.00 and set an overweight rating for the company in a report on Friday, August 19th. Truist Financial decreased their price objective on Aveanna Healthcare to $1.25 in a report on Wednesday, November 16th. Stephens decreased their price objective on Aveanna Healthcare from $2.25 to $1.50 and set an equal weight rating for the company in a report on Friday, November 11th. Finally, Raymond James cut their target price on Aveanna Healthcare from $8.00 to $6.00 and set a strong-buy rating on the stock in a research report on Monday, August 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Aveanna Healthcare has an average rating of Hold and an average target price of $3.25.
Aveanna Healthcare Stock Performance
AVAH opened at $0.74 on Monday. The firm has a market cap of $136.65 million, a P/E ratio of -0.25 and a beta of 0.91. Aveanna Healthcare has a 52-week low of $0.70 and a 52-week high of $7.71. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.89 and a current ratio of 0.89. The business’s fifty day moving average is $1.35 and its 200-day moving average is $2.03.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Aveanna Healthcare in the second quarter worth $38,000. Victory Capital Management Inc. bought a new stake in shares of Aveanna Healthcare in the first quarter valued at $176,000. Natixis Investment Managers International bought a new stake in shares of Aveanna Healthcare in the second quarter valued at $357,000. Cornercap Investment Counsel Inc. raised its stake in shares of Aveanna Healthcare by 27.0% in the first quarter. Cornercap Investment Counsel Inc. now owns 199,563 shares of the company’s stock valued at $681,000 after buying an additional 42,461 shares during the period. Finally, Trilantic Capital Management L.P. raised its stake in shares of Aveanna Healthcare by 22.0% in the first quarter. Trilantic Capital Management L.P. now owns 664,986 shares of the company’s stock valued at $2,268,000 after buying an additional 120,000 shares during the period. Hedge funds and other institutional investors own 92.00% of the company’s stock.
Aveanna Healthcare Company Profile
Aveanna Healthcare Holdings Inc, a diversified home care platform company, provides private duty nursing (PDN), adult home health and hospice, home-based pediatric therapy, and enteral nutrition services in the United States. Its patient- centered care delivery platform allows patients to remain in their homes and minimizes the overutilization of high-cost care settings, such as hospitals.
- Get a free copy of the StockNews.com research report on Aveanna Healthcare (AVAH)
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