Citigroup Begins Coverage on agilon health (NYSE:AGL)

Citigroup initiated coverage on shares of agilon health (NYSE:AGL) in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage issued a neutral rating and a $6.00 target price on the stock.

A number of other analysts also recently weighed in on AGL. Barclays assumed coverage on shares of agilon health in a research report on Wednesday, March 6th. They issued an underweight rating and a $5.00 target price on the stock. SVB Leerink downgraded shares of agilon health from an outperform rating to a market perform rating in a research report on Monday, January 8th. Truist Financial cut their price objective on shares of agilon health from $10.00 to $7.50 and set a hold rating on the stock in a research report on Thursday, February 29th. Benchmark cut their price objective on shares of agilon health from $13.00 to $9.00 and set a buy rating on the stock in a research report on Thursday, February 29th. Finally, TD Cowen downgraded shares of agilon health from an outperform rating to a market perform rating and cut their price objective for the company from $12.00 to $6.50 in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $9.46.

agilon health Stock Down 0.3 %

NYSE:AGL opened at $5.33 on Monday. The firm’s 50-day moving average price is $5.64 and its 200-day moving average price is $9.63. The company has a market capitalization of $2.19 billion, a PE ratio of -8.19 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 1.51. agilon health has a 1-year low of $4.41 and a 1-year high of $26.75.

agilon health (NYSE:AGL) last released its earnings results on Tuesday, February 27th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. agilon health had a negative return on equity of 21.74% and a negative net margin of 5.76%. The firm’s quarterly revenue was up 71.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) earnings per share. On average, equities analysts predict that agilon health will post -0.35 EPS for the current fiscal year.

Hedge Funds Weigh In On agilon health

Several institutional investors have recently made changes to their positions in AGL. CWM LLC lifted its stake in shares of agilon health by 83.7% in the 3rd quarter. CWM LLC now owns 1,585 shares of the company’s stock worth $28,000 after purchasing an additional 722 shares during the period. Signaturefd LLC lifted its stake in shares of agilon health by 73.7% in the 3rd quarter. Signaturefd LLC now owns 1,673 shares of the company’s stock worth $30,000 after purchasing an additional 710 shares during the period. Ronald Blue Trust Inc. bought a new position in shares of agilon health in the 3rd quarter worth approximately $38,000. Quest Partners LLC bought a new position in shares of agilon health in the 4th quarter worth approximately $45,000. Finally, Neo Ivy Capital Management bought a new position in shares of agilon health in the 4th quarter worth approximately $47,000.

About agilon health

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.