Analysts Set AdaptHealth Corp. (NASDAQ:AHCO) Target Price at $13.40

Shares of AdaptHealth Corp. (NASDAQ:AHCOGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $13.40.

AHCO has been the subject of several research reports. Zacks Research cut AdaptHealth from a “hold” rating to a “strong sell” rating in a report on Friday, September 19th. Wall Street Zen raised AdaptHealth from a “hold” rating to a “buy” rating in a report on Saturday, August 9th.

Check Out Our Latest Report on AdaptHealth

Insider Activity at AdaptHealth

In other AdaptHealth news, Director David Solomon Williams III sold 8,200 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $9.73, for a total value of $79,786.00. Following the sale, the director owned 50,045 shares in the company, valued at approximately $486,937.85. The trade was a 14.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AHCO. SummerHaven Investment Management LLC raised its stake in shares of AdaptHealth by 1.7% in the first quarter. SummerHaven Investment Management LLC now owns 79,883 shares of the company’s stock worth $866,000 after purchasing an additional 1,329 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in AdaptHealth by 1.9% during the second quarter. Janney Montgomery Scott LLC now owns 80,301 shares of the company’s stock valued at $757,000 after purchasing an additional 1,511 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in AdaptHealth by 6.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,095 shares of the company’s stock valued at $256,000 after purchasing an additional 1,671 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in AdaptHealth by 6.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 32,797 shares of the company’s stock valued at $356,000 after purchasing an additional 2,081 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of AdaptHealth by 4.0% in the second quarter. State of Alaska Department of Revenue now owns 62,807 shares of the company’s stock worth $592,000 after acquiring an additional 2,418 shares during the period. 82.67% of the stock is owned by institutional investors and hedge funds.

AdaptHealth Stock Up 3.6%

AHCO stock opened at $9.44 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 1.14. The business has a 50 day moving average price of $9.26 and a two-hundred day moving average price of $9.13. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.02 and a beta of 1.61. AdaptHealth has a twelve month low of $7.11 and a twelve month high of $11.63.

About AdaptHealth

(Get Free Report)

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.

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Analyst Recommendations for AdaptHealth (NASDAQ:AHCO)

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