Option Care Health Inc. (NASDAQ:OPCH) shares traded -1.68% lower at $28.11 on Wall Street last session.
In accordance with the data, 7 analysts cover Option Care Health Inc. (NASDAQ:OPCH). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $41.00 and a low of $32.50, we find $38.00. Given the previous closing price of $28.59, this indicates a potential upside of 32.91 percent. OPCH stock price is now -8.36% away from the 50-day moving average and -8.93% away from the 200-day moving average. The market capitalization of the company currently stands at $4.86B.
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It has been rated a hold by 0 analysts and a buy by 7. Brokers who have rated the stock have averaged $37.08 as their price target over the next twelve months.
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In other news, Bavaro Michael, Chief Human Resources Officer sold 6,148 shares of the company’s stock on Mar 10. The stock was sold for $193,327 at an average price of $31.45. Upon completion of the transaction, the Chief Human Resources Officer now directly owns 21,549 shares in the company, valued at $0.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01, 10% Owner Walgreens Boots Alliance, Inc. sold 15,475,166 shares of the business’s stock. A total of $468,897,530 was realized by selling the stock at an average price of $30.30. This leaves the insider owning 10,771,926 shares of the company worth $302.8 million. Insiders disposed of 26,521,159 shares of company stock worth roughly $745.51 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OPCH stock. A new stake in Option Care Health Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $81,920,000. VIKING GLOBAL INVESTORS LP invested $30,654,000 in shares of OPCH during the first quarter. In the first quarter, CAPITAL INTERNATIONAL INVESTORS acquired a new stake in Option Care Health Inc. valued at approximately $19,489,000. WOODLINE PARTNERS LP acquired a new stake in OPCH for approximately $17,969,000. BLACKSTONE INC. purchased a new stake in OPCH valued at around $14,055,000 in the second quarter. In total, there are 403 active investors with 85.30% ownership of the company’s stock.
Option Care Health Inc. (NASDAQ: OPCH) opened at $28.62 on Monday. During the past 12 months, Option Care Health Inc. has had a low of $24.23 and a high of $35.87. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 1.70, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $5.70B, which is based on a 32.20 price-to-earnings ratio, a 3.22 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for OPCH is $30.62 and a two-hundred day moving average price translates $30.84 for the stock.
The latest earnings results from Option Care Health Inc. (NASDAQ: OPCH) was released for Mar, 2023. According to the Medical Care Facilities Company, earnings per share came in at $0.21, beating analysts’ expectations of $0.18 by 0.03. This compares to $0.17 EPS in the same period last year. The net profit margin was 3.90% and return on equity was 11.90% for OPCH. The company reported revenue of $1.02 billion for the quarter, compared to $915.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.93 percent. For the current quarter, analysts expect OPCH to generate $1.06B in revenue.
