Citigroup Begins Coverage on agilon health (NYSE:AGL)

Citigroup started coverage on shares of agilon health (NYSE:AGL) in a report issued on Monday morning, MarketBeat reports. The firm issued a neutral rating and a $6.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on the stock. Leerink Partnrs cut shares of agilon health from an outperform rating to a market perform rating in a research report on Monday, January 8th. Benchmark decreased their price objective on shares of agilon health from $13.00 to $9.00 and set a buy rating for the company in a research report on Thursday, February 29th. Truist Financial decreased their price objective on shares of agilon health from $10.00 to $7.50 and set a hold rating for the company in a research report on Thursday, February 29th. SVB Leerink cut shares of agilon health from an outperform rating to a market perform rating in a research report on Monday, January 8th. Finally, Jefferies Financial Group reaffirmed a hold rating and set a $6.50 price objective (down from $25.00) on shares of agilon health in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, agilon health currently has a consensus rating of Hold and an average price target of $9.46.

agilon health Stock Performance

NYSE:AGL opened at $5.13 on Monday. The company has a fifty day simple moving average of $5.60 and a two-hundred day simple moving average of $9.60. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -7.89 and a beta of 0.49. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.05. agilon health has a 52 week low of $4.41 and a 52 week high of $26.75.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AGL. CWM LLC increased its stake in agilon health by 83.7% in the third quarter. CWM LLC now owns 1,585 shares of the company’s stock valued at $28,000 after purchasing an additional 722 shares during the period. Ronald Blue Trust Inc. acquired a new position in shares of agilon health during the third quarter worth about $38,000. SG Americas Securities LLC increased its stake in shares of agilon health by 98.3% during the third quarter. SG Americas Securities LLC now owns 12,886 shares of the company’s stock worth $229,000 after acquiring an additional 6,389 shares during the period. Handelsbanken Fonder AB increased its stake in shares of agilon health by 28.8% during the third quarter. Handelsbanken Fonder AB now owns 42,000 shares of the company’s stock worth $746,000 after acquiring an additional 9,400 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of agilon health by 46.4% during the third quarter. Harbor Capital Advisors Inc. now owns 7,717 shares of the company’s stock worth $137,000 after acquiring an additional 2,445 shares during the period.

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.