Option Care Health (NASDAQ:OPCH) has been given an average recommendation of “Buy” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $16.31.
Several equities research analysts recently commented on OPCH shares. Zacks Investment Research lowered shares of Option Care Health from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Bank of America initiated coverage on shares of Option Care Health in a research report on Wednesday, June 24th. They issued a “buy” rating and a $18.00 price objective on the stock. Finally, Canaccord Genuity reissued a “buy” rating and issued a $20.00 target price on shares of Option Care Health in a research note on Thursday, March 19th.
In other Option Care Health news, Director Alan Troy Nielsen acquired 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of $12.55 per share, for a total transaction of $25,100.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $25,100. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 80.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new position in shares of Option Care Health during the 1st quarter worth about $55,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Option Care Health in the first quarter valued at approximately $57,000. Legal & General Group Plc acquired a new position in Option Care Health during the first quarter worth approximately $64,000. Oppenheimer Asset Management Inc. purchased a new position in Option Care Health during the first quarter worth approximately $69,000. Finally, Strs Ohio acquired a new position in shares of Option Care Health in the 1st quarter valued at $76,000. 22.14% of the stock is owned by institutional investors.
Option Care Health stock opened at $11.97 on Friday. Option Care Health has a 52 week low of $5.74 and a 52 week high of $18.21. The company has a quick ratio of 1.22, a current ratio of 1.59 and a debt-to-equity ratio of 1.53. The firm’s 50-day simple moving average is $14.40 and its 200 day simple moving average is $12.59. The firm has a market capitalization of $2.24 billion, a PE ratio of -11.51 and a beta of 1.30.
Option Care Health (NASDAQ:OPCH) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.05). Option Care Health had a negative return on equity of 6.75% and a negative net margin of 4.22%. The business had revenue of $705.44 million during the quarter, compared to analysts’ expectations of $679.17 million. On average, research analysts expect that Option Care Health will post -0.38 EPS for the current fiscal year.
Option Care Health Company Profile
Option Care Health, Inc provides independent home and alternate site infusion services in the United States. It serves patients with acute and chronic conditions. The company is based in Bannockburn, Illinois.
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