Option Care Health, Inc. (NASDAQ:OPCH) Stock Has Average Price Target of $29.48

Option Care Health, Inc. (NASDAQ:OPCH) has earned a consensus recommendation of “Hold” from the sixteen research firms that are covering the stock, Marketbeat reports. Fourteen research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $29.48.

A number of research analysts have issued reports on OPCH shares. William Blair lowered shares of Option Care Health from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 6th. Citizens Jmp lowered Option Care Health from a “market outperform” rating to a “hold” rating in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft cut Option Care Health from a “buy” rating to a “hold” rating and lowered their target price for the company from $26.00 to $24.00 in a research report on Thursday, July 30th. Truist Financial set a $32.05 target price on Option Care Health in a research note on Wednesday, October 7th. Finally, Morgan Stanley set a $32.05 price target on Option Care Health in a research report on Monday, October 12th.

Option Care Health Trading Up 0.3%

Shares of NASDAQ OPCH opened at $31.77 on Friday. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 1.93 and a beta of 0.47. Option Care Health has a 12-month low of $18.01 and a 12-month high of $36.80. The company has a current ratio of 1.47, a quick ratio of 0.98 and a debt-to-equity ratio of 0.91. The stock’s 50 day simple moving average is $26.83 and its 200 day simple moving average is $26.44.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Reyes Financial Architecture Inc. acquired a new stake in Option Care Health in the third quarter worth approximately $28,000. Covestor Ltd raised its stake in shares of Option Care Health by 254.2% in the 3rd quarter. Covestor Ltd now owns 1,445 shares of the company’s stock worth $33,000 after buying an additional 1,037 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of Option Care Health in the 2nd quarter worth $48,000. Nykredit A S acquired a new stake in shares of Option Care Health in the second quarter valued at $56,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Option Care Health in the 2nd quarter valued at about $66,000. Institutional investors and hedge funds own 98.05% of the company’s stock.

Option Care Health Company Profile

Option Care Health, Inc is an independent provider of home and alternate-site infusion services in the United States. The company coordinates and delivers infusion therapy outside traditional hospital settings, including patients’ homes, ambulatory infusion suites and other outpatient locations.

Its services include administration of anti-infective therapies, immune globulin, nutrition support, inotropic therapies and medications used in the treatment of chronic and complex conditions.