AdaptHealth Corp. (NASDAQ:AHCO) Receives $13.40 Average Price Target from Brokerages

Key Points

• AdaptHealth Corp. (NASDAQ:AHCO) has received an average analyst rating of "Buy" from five investment firms, with a 12-month target price of $13.40.
• Truist Financial and Royal Bank of Canada recently reduced their price objectives for AdaptHealth to $13.00, maintaining their buy and outperform ratings, respectively.
• Institutional investors hold 82.67% of AdaptHealth's stock, with significant increases in holdings reported by multiple hedge funds recently.

AdaptHealth Corp. (NASDAQ:AHCO - Get Free Report) has earned a consensus recommendation of "Buy" from the five brokerages that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $13.40.

Several research firms recently commented on AHCO. Royal Bank Of Canada reduced their target price on shares of AdaptHealth from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Wall Street Zen raised shares of AdaptHealth from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Truist Financial reduced their price objective on AdaptHealth from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Monday, May 12th.

AdaptHealth Price Performance

AHCO traded up $0.21 during trading on Friday, reaching $9.54. The stock had a trading volume of 1,108,371 shares, compared to its average volume of 1,455,399. The stock has a market cap of $1.29 billion, a PE ratio of 17.67, a PEG ratio of 0.89 and a beta of 1.58. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 1.06. AdaptHealth has a one year low of $7.11 and a one year high of $11.70. The business has a 50-day moving average of $9.10 and a 200-day moving average of $9.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. AlphaQuest LLC grew its stake in shares of AdaptHealth by 275.7% during the second quarter. AlphaQuest LLC now owns 3,941 shares of the company's stock valued at $37,000 after buying an additional 2,892 shares during the last quarter. Assetmark Inc. grew its stake in shares of AdaptHealth by 87.6% in the second quarter. Assetmark Inc. now owns 5,529 shares of the company's stock worth $52,000 after purchasing an additional 2,581 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of AdaptHealth by 175.2% in the first quarter. GAMMA Investing LLC now owns 7,473 shares of the company's stock worth $81,000 after purchasing an additional 4,758 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of AdaptHealth by 531.8% in the first quarter. Brooklyn Investment Group now owns 7,563 shares of the company's stock worth $82,000 after purchasing an additional 6,366 shares during the last quarter. Finally, CWM LLC grew its stake in shares of AdaptHealth by 1,562.1% in the second quarter. CWM LLC now owns 10,471 shares of the company's stock worth $99,000 after purchasing an additional 9,841 shares during the last quarter. 82.67% of the stock is owned by institutional investors.

AdaptHealth Company Profile

AdaptHealth Corp., together with its subsidiaries, sells home medical equipment (HME), medical supplies, and home and related services in the United States. The company provides sleep therapy equipment, supplies, and related services, such as CPAP and bi-PAP services to individuals suffering from obstructive sleep apnea; medical devices and supplies, including continuous glucose monitors and insulin pumps for the treatment of diabetes; HME to patients discharged from acute care and other facilities; oxygen and related chronic therapy services in the home; and other HME devices and supplies on behalf of chronically ill patients with wound care, urological, incontinence, ostomy, and nutritional supply needs.