Option Care Health, Inc. (NASDAQ:OPCH - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $32.63, but opened at $31.44. Option Care Health shares last traded at $33.18, with a volume of 907,388 shares changing hands.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of Option Care Health from a "buy" rating to a "neutral" rating and reduced their price target for the company from $38.00 to $27.00 in a report on Monday, November 4th. JMP Securities reissued a "market outperform" rating and issued a $30.00 price objective (down previously from $31.00) on shares of Option Care Health in a research report on Friday, January 10th. Jefferies Financial Group raised shares of Option Care Health from a "hold" rating to a "buy" rating and boosted their price objective for the company from $26.00 to $35.00 in a research report on Thursday, January 23rd. UBS Group initiated coverage on shares of Option Care Health in a research report on Thursday, December 5th. They issued a "neutral" rating and a $26.00 price objective for the company. Finally, Bank of America raised shares of Option Care Health from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $26.00 to $33.00 in a research report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.
Check Out Our Latest Report on Option Care Health
Option Care Health Stock Up 0.9 %
The company has a debt-to-equity ratio of 0.77, a current ratio of 1.73 and a quick ratio of 1.32. The firm's 50-day moving average is $28.70 and its 200 day moving average is $28.08. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 2.30 and a beta of 1.35.
Institutional Investors Weigh In On Option Care Health
Large investors have recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Option Care Health in the fourth quarter worth $26,000. UMB Bank n.a. boosted its stake in shares of Option Care Health by 41.7% in the fourth quarter. UMB Bank n.a. now owns 1,176 shares of the company's stock valued at $27,000 after purchasing an additional 346 shares during the period. Signaturefd LLC boosted its stake in shares of Option Care Health by 487.9% in the fourth quarter. Signaturefd LLC now owns 1,211 shares of the company's stock valued at $28,000 after purchasing an additional 1,005 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Option Care Health by 172.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,735 shares of the company's stock valued at $40,000 after purchasing an additional 1,099 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Option Care Health by 21.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,870 shares of the company's stock valued at $43,000 after purchasing an additional 332 shares during the period. Institutional investors and hedge funds own 98.05% of the company's stock.
About Option Care Health
(
Get Free Report)
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.
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