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agilon health (NYSE:AGL) Stock Price Down 1.2% - Here's Why

agilon health logo with Medical background
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agilon health, inc. (NYSE:AGL - Get Free Report) shares traded down 1.2% during mid-day trading on Wednesday . The company traded as low as $5.09 and last traded at $5.30. 7,028,052 shares traded hands during mid-day trading, an increase of 49% from the average session volume of 4,705,558 shares. The stock had previously closed at $5.36.

Wall Street Analyst Weigh In

AGL has been the topic of a number of recent research reports. Needham & Company LLC reissued a "hold" rating on shares of agilon health in a research note on Friday, March 21st. Citigroup upgraded shares of agilon health from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $1.75 to $2.25 in a research report on Friday, January 10th. Sanford C. Bernstein upgraded shares of agilon health from a "market perform" rating to an "outperform" rating and upped their price target for the company from $3.30 to $8.50 in a research report on Tuesday, April 8th. Royal Bank of Canada raised their price target on shares of agilon health from $3.00 to $3.50 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, Macquarie started coverage on shares of agilon health in a research note on Monday, December 16th. They issued a "neutral" rating and a $3.00 price objective on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, agilon health presently has a consensus rating of "Hold" and an average target price of $4.37.

Check Out Our Latest Stock Report on AGL

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agilon health Stock Down 1.4 %

The stock's fifty day moving average price is $3.99 and its 200 day moving average price is $3.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The stock has a market cap of $2.31 billion, a P/E ratio of -5.96 and a beta of 0.38.

Institutional Investors Weigh In On agilon health

A number of large investors have recently added to or reduced their stakes in AGL. Vanguard Group Inc. increased its position in shares of agilon health by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,112,407 shares of the company's stock valued at $59,114,000 after purchasing an additional 272,787 shares during the last quarter. Capital International Investors boosted its stake in agilon health by 72.0% in the fourth quarter. Capital International Investors now owns 22,331,873 shares of the company's stock worth $42,431,000 after buying an additional 9,346,295 shares in the last quarter. State Street Corp grew its position in agilon health by 3.0% during the third quarter. State Street Corp now owns 7,449,706 shares of the company's stock valued at $29,277,000 after acquiring an additional 215,733 shares during the last quarter. Millennium Management LLC grew its position in agilon health by 187.8% during the fourth quarter. Millennium Management LLC now owns 7,212,525 shares of the company's stock valued at $13,704,000 after acquiring an additional 4,706,357 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of agilon health by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 6,928,724 shares of the company's stock worth $13,168,000 after acquiring an additional 35,207 shares in the last quarter.

About agilon health

(Get Free Report)

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.

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