Option Care Health, Inc. (NASDAQ:OPCH) Receives $33.75 Consensus Target Price from Analysts

Option Care Health, Inc. (NASDAQ:OPCH - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $35.50.

A number of research firms have commented on OPCH. Jefferies Financial Group upgraded Option Care Health from a "hold" rating to a "buy" rating and raised their price objective for the stock from $26.00 to $35.00 in a research note on Thursday, January 23rd. Bank of America upgraded Option Care Health from a "neutral" rating to a "buy" rating and increased their target price for the company from $26.00 to $33.00 in a research report on Monday, January 13th. Barrington Research reaffirmed an "outperform" rating and issued a $38.00 price objective on shares of Option Care Health in a research note on Wednesday. UBS Group upgraded shares of Option Care Health from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $38.00 to $40.00 in a research report on Wednesday. Finally, JMP Securities restated a "market outperform" rating and issued a $36.00 price objective on shares of Option Care Health in a report on Tuesday, April 22nd.

Option Care Health Stock Performance

Shares of OPCH traded down $0.26 during trading hours on Monday, hitting $32.05. The company had a trading volume of 1,549,083 shares, compared to its average volume of 1,809,761. The business has a fifty day moving average of $33.34 and a 200-day moving average of $28.82. The company has a quick ratio of 1.32, a current ratio of 1.73 and a debt-to-equity ratio of 0.77. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 2.30 and a beta of 1.07. Option Care Health has a 12 month low of $21.39 and a 12 month high of $35.53.

Option Care Health (NASDAQ:OPCH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.26 billion. Option Care Health had a return on equity of 15.30% and a net margin of 4.37%. The business's revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. Equities analysts anticipate that Option Care Health will post 1.22 EPS for the current fiscal year.

Insider Activity at Option Care Health

In related news, insider Michael Bavaro sold 30,996 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $33.26, for a total value of $1,030,926.96. Following the completion of the sale, the insider now owns 44,974 shares in the company, valued at approximately $1,495,835.24. The trade was a 40.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in OPCH. Louisiana State Employees Retirement System increased its holdings in shares of Option Care Health by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 47,700 shares of the company's stock valued at $1,667,000 after purchasing an additional 500 shares during the period. Xponance Inc. grew its holdings in shares of Option Care Health by 4.4% during the first quarter. Xponance Inc. now owns 26,165 shares of the company's stock worth $914,000 after buying an additional 1,109 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Option Care Health by 1.2% in the first quarter. State of Michigan Retirement System now owns 40,759 shares of the company's stock valued at $1,425,000 after purchasing an additional 500 shares during the period. Cerity Partners LLC purchased a new stake in shares of Option Care Health in the first quarter valued at about $303,000. Finally, Bridges Investment Management Inc. lifted its position in Option Care Health by 133.3% in the first quarter. Bridges Investment Management Inc. now owns 49,031 shares of the company's stock valued at $1,714,000 after buying an additional 28,019 shares during the last quarter. 98.05% of the stock is owned by institutional investors.

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.