Analysts Set Option Care Health, Inc. (NASDAQ:OPCH) Target Price at $28.57

Shares of Option Care Health, Inc. (NASDAQ:OPCH) have earned an average rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $28.14.

OPCH has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Option Care Health from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Saturday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Option Care Health from $23.50 to $32.00 and gave the stock a “buy” rating in a report on Friday, November 5th. Finally, TheStreet raised shares of Option Care Health from a “c+” rating to a “b” rating in a report on Thursday, December 9th.

Shares of OPCH opened at $24.33 on Wednesday. Option Care Health has a 1-year low of $16.02 and a 1-year high of $28.86. The company has a current ratio of 1.67, a quick ratio of 1.28 and a debt-to-equity ratio of 1.02. The firm’s 50-day moving average price is $26.48 and its 200-day moving average price is $24.60. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 52.89 and a beta of 1.35.

Option Care Health (NASDAQ:OPCH) last posted its quarterly earnings data on Thursday, November 4th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $891.94 million for the quarter, compared to analyst estimates of $886.47 million. Option Care Health had a net margin of 2.48% and a return on equity of 7.86%. Option Care Health’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share. On average, research analysts forecast that Option Care Health will post 0.6 EPS for the current fiscal year.

In other Option Care Health news, COO Harriet Booker sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, January 6th. The shares were sold at an average price of $26.29, for a total value of $157,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 18,000 shares of company stock valued at $474,180. Company insiders own 47.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC purchased a new stake in shares of Option Care Health in the second quarter valued at $26,000. US Bancorp DE raised its stake in shares of Option Care Health by 16.4% in the third quarter. US Bancorp DE now owns 2,843 shares of the company’s stock valued at $69,000 after acquiring an additional 400 shares during the period. FORA Capital LLC purchased a new stake in shares of Option Care Health in the second quarter valued at $71,000. Advisor Group Holdings Inc. raised its stake in shares of Option Care Health by 110.0% in the second quarter. Advisor Group Holdings Inc. now owns 3,561 shares of the company’s stock valued at $78,000 after acquiring an additional 1,865 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in Option Care Health in the 2nd quarter worth about $89,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

About Option Care Health

Option Care Health, Inc engages in the provision of home and alternate site infusion services. The firm involves in the clinical management of infusion therapy, nursing support, and care coordination. It also offers anti-infective, nutrition support, heart failure, chronic inflammatory disorders, immunoglobulin, bleeding disorders, women’s health, neurological disorders, and specialized therapies.

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