agilon health (NYSE:AGL) Stock Price Up 8.5% – Still a Buy?

agilon health, inc. (NYSE:AGL) shares rose 8.5% during mid-day trading on Friday . The company traded as high as $4.49 and last traded at $4.45. Approximately 1,325,562 shares traded hands during trading, a decline of 71% from the average daily volume of 4,606,922 shares. The stock had previously closed at $4.10.

Wall Street Analysts Forecast Growth

AGL has been the subject of a number of research reports. Royal Bank of Canada lifted their price objective on agilon health from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Needham & Company LLC restated a “hold” rating on shares of agilon health in a report on Friday. Macquarie began coverage on agilon health in a report on Monday, December 16th. They set a “neutral” rating and a $3.00 target price on the stock. Sanford C. Bernstein raised their target price on agilon health from $2.50 to $3.15 and gave the company a “market perform” rating in a report on Wednesday, January 15th. Finally, Stifel Nicolaus raised their target price on agilon health from $2.00 to $3.00 and gave the company a “hold” rating in a report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.95.

agilon health Stock Up 10.1 %

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $1.86 billion, a P/E ratio of -4.80 and a beta of 0.67. The firm has a 50 day moving average of $3.51 and a 200-day moving average of $2.95.

Hedge Funds Weigh In On agilon health

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in agilon health during the third quarter valued at about $28,000. Oak Thistle LLC bought a new position in agilon health during the fourth quarter valued at about $25,000. Ieq Capital LLC bought a new position in agilon health during the fourth quarter valued at about $26,000. Signaturefd LLC increased its stake in agilon health by 143.0% during the fourth quarter. Signaturefd LLC now owns 14,388 shares of the company’s stock valued at $27,000 after acquiring an additional 8,467 shares during the period. Finally, Humankind Investments LLC bought a new position in agilon health during the fourth quarter valued at about $30,000.

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.