Option Care Health, Inc. (NASDAQ:OPCH) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Option Care Health, Inc. (NASDAQ:OPCH - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $30.83.

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group downgraded Option Care Health from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $38.00 to $26.00 in a research report on Thursday, October 31st. Bank of America lowered shares of Option Care Health from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $43.00 to $29.00 in a report on Wednesday, October 30th. Barrington Research reduced their price objective on shares of Option Care Health from $40.00 to $32.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Truist Financial lowered their target price on shares of Option Care Health from $41.00 to $34.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Finally, The Goldman Sachs Group cut shares of Option Care Health from a "buy" rating to a "neutral" rating and cut their price target for the company from $38.00 to $27.00 in a research report on Monday, November 4th.

Option Care Health Trading Up 0.2 %

NASDAQ OPCH traded up $0.04 on Friday, hitting $23.80. The company's stock had a trading volume of 792,365 shares, compared to its average volume of 1,549,915. The firm has a market cap of $4.05 billion, a PE ratio of 20.00, a PEG ratio of 2.46 and a beta of 1.32. The company's 50-day moving average is $26.84 and its 200 day moving average is $28.89. The company has a quick ratio of 1.32, a current ratio of 1.73 and a debt-to-equity ratio of 0.77. Option Care Health has a 1-year low of $21.39 and a 1-year high of $34.63.

Insider Activity at Option Care Health

In other news, Director Harry M. Jansen Kraemer, Jr. bought 43,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of $22.54 per share, with a total value of $969,220.00. Following the transaction, the director now directly owns 326,334 shares of the company's stock, valued at approximately $7,355,568.36. This represents a 15.18 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Option Care Health

A number of hedge funds have recently added to or reduced their stakes in OPCH. Wellington Management Group LLP lifted its stake in shares of Option Care Health by 15.5% in the third quarter. Wellington Management Group LLP now owns 9,924,915 shares of the company's stock valued at $310,650,000 after buying an additional 1,328,326 shares in the last quarter. FMR LLC raised its holdings in shares of Option Care Health by 134.0% in the 3rd quarter. FMR LLC now owns 7,516,448 shares of the company's stock worth $235,265,000 after acquiring an additional 4,304,896 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in Option Care Health by 10.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,492,152 shares of the company's stock valued at $203,204,000 after acquiring an additional 599,589 shares in the last quarter. State Street Corp boosted its stake in Option Care Health by 1.4% during the 3rd quarter. State Street Corp now owns 6,257,172 shares of the company's stock valued at $195,849,000 after purchasing an additional 83,395 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Option Care Health by 7.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,863,930 shares of the company's stock valued at $183,541,000 after purchasing an additional 404,811 shares during the last quarter. Institutional investors and hedge funds own 98.05% of the company's stock.

Option Care Health Company Profile

Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including crohn's disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.