Option Care Health (NASDAQ:OPCH) Receives "Market Outperform" Rating from JMP Securities

Option Care Health (NASDAQ:OPCH - Get Free Report)'s stock had its "market outperform" rating reissued by equities researchers at JMP Securities in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $36.00 price target on the stock. JMP Securities' target price would suggest a potential upside of 14.18% from the stock's previous close.

A number of other research firms have also issued reports on OPCH. UBS Group raised shares of Option Care Health from a "neutral" rating to a "buy" rating and boosted their target price for the company from $38.00 to $40.00 in a research note on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Option Care Health from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. Finally, Barrington Research reissued an "outperform" rating and set a $38.00 target price on shares of Option Care Health in a research note on Wednesday, April 30th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Option Care Health presently has an average rating of "Moderate Buy" and an average target price of $35.50.

Option Care Health Stock Performance

Shares of NASDAQ OPCH traded down $0.03 during midday trading on Wednesday, hitting $31.53. The company's stock had a trading volume of 3,139,850 shares, compared to its average volume of 1,880,046. Option Care Health has a 1-year low of $21.39 and a 1-year high of $35.53. The firm's fifty day moving average price is $32.08 and its 200-day moving average price is $30.58. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.02 and a current ratio of 1.54. The firm has a market cap of $5.16 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.90 and a beta of 0.74.

Option Care Health (NASDAQ:OPCH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Option Care Health had a net margin of 4.12% and a return on equity of 16.90%. The company's quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. On average, sell-side analysts forecast that Option Care Health will post 1.22 EPS for the current fiscal year.

Institutional Trading of Option Care Health

A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its stake in shares of Option Care Health by 21.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,870 shares of the company's stock worth $43,000 after acquiring an additional 332 shares during the period. Cornerstone Investment Partners LLC lifted its stake in shares of Option Care Health by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 9,544 shares of the company's stock worth $221,000 after acquiring an additional 333 shares during the period. US Bancorp DE raised its holdings in shares of Option Care Health by 5.0% in the 1st quarter. US Bancorp DE now owns 8,199 shares of the company's stock worth $287,000 after purchasing an additional 393 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Option Care Health by 2.0% in the 4th quarter. Assetmark Inc. now owns 24,976 shares of the company's stock worth $579,000 after purchasing an additional 487 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of Option Care Health by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 40,759 shares of the company's stock worth $1,425,000 after purchasing an additional 500 shares in the last quarter. 98.05% of the stock is owned by institutional investors and hedge funds.

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.