Agilon Health, Inc. (NYSE:AGL) has received a consensus rating of “Hold” from eighteen brokerages currently covering the company, according to MarketBeat. Among these analysts, two have issued sell ratings, eleven have assigned a hold rating, and five have given a buy rating. The average price target for Agilon Health over the next year stands at $4.71.
Recent evaluations from several research firms highlight differing perspectives on the company’s stock. On May 8, The Goldman Sachs Group raised its target price for Agilon Health from $2.50 to $5.00, maintaining a “neutral” rating. Conversely, Evercore ISI adjusted its price target downward from $5.00 to $3.00 while setting an “in-line” rating in a report dated July 9. Barclays also provided a revised target price of $3.00, changing its rating to “underweight” on the same day.
In contrast, TD Cowen increased its price target from $3.50 to $6.00, maintaining a “hold” rating. Cowen reiterated this stance in a report issued on April 15, 2024.
Current Trading and Financial Performance
As of Friday, Agilon Health shares opened at $2.19. The stock has a fifty-day moving average price of $2.31 and a two-hundred-day moving average of $3.24. The company currently holds a market capitalization of $904.48 million and a price-to-earnings ratio of -3.70. Over the past year, Agilon Health experienced a low of $1.50 and a high of $7.62.
On May 6, 2024, Agilon Health reported its quarterly earnings, revealing earnings per share of $0.03, which surpassed the consensus estimate of ($0.01) by $0.04. The company generated revenues of $1.53 billion for the quarter, slightly exceeding analyst expectations of $1.50 billion. Despite the positive earnings surprise, Agilon Health recorded a net margin of -4.04% and a return on equity of -45.47%, with revenues declining by 4.5% compared to the previous year.
Analysts forecast that Agilon Health will post earnings per share of -0.59 for the current fiscal year.
Company Overview
Agilon Health, Inc. specializes in providing healthcare services for seniors through primary care physicians across the United States. The company operates a platform designed to manage the comprehensive healthcare needs of its patients through a subscription-like model based on a per-member, per-month fee structure. Agilon Health was previously known as Agilon Health Topco, Inc. and underwent a name change to its current title.
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