Option Care Health, Inc. (NASDAQ:OPCH) Stock Has Consensus Price Target of $29.48 According to Analysts

Option Care Health, Inc. (NASDAQ:OPCH) has been assigned a consensus rating of “Hold” from the sixteen brokerages that are currently covering the company, MarketBeat reports. Fourteen research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $29.48.

Several analysts have commented on OPCH shares. Citizens Jmp cut shares of Option Care Health from a “market outperform” rating to a “hold” rating in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft downgraded Option Care Health from a “buy” rating to a “hold” rating and dropped their target price for the company from $26.00 to $24.00 in a research report on Thursday, July 30th. Morgan Stanley set a $32.05 target price on shares of Option Care Health in a report on Monday, October 12th. Jefferies Financial Group downgraded Option Care Health from a “buy” rating to a “hold” rating and raised their price target for the stock from $28.00 to $32.05 in a research report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. downgraded Option Care Health from an “overweight” rating to a “neutral” rating and set a $33.00 price target for the company. in a research note on Wednesday, October 7th.

Institutional Investors Weigh In On Option Care Health

Several institutional investors have recently bought and sold shares of OPCH. Sumitomo Mitsui Trust Group Inc. acquired a new position in Option Care Health during the first quarter worth about $70,287,000. Van Berkom & Associates Inc. bought a new stake in Option Care Health during the first quarter worth about $42,739,000. Bank of New York Mellon Corp purchased a new position in shares of Option Care Health in the second quarter valued at about $19,600,000. Southpoint Capital Advisors LP raised its holdings in Option Care Health by 20.0% in the first quarter. Southpoint Capital Advisors LP now owns 3,600,000 shares of the company’s stock worth $96,912,000 after purchasing an additional 600,000 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Option Care Health by 234.1% during the second quarter. Squarepoint Ops LLC now owns 434,408 shares of the company’s stock valued at $9,110,000 after acquiring an additional 304,376 shares in the last quarter. Institutional investors own 98.05% of the company’s stock.

Option Care Health Stock Performance

Shares of OPCH stock opened at $31.83 on Friday. 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 firm’s 50 day moving average is $26.51 and its 200 day moving average is $26.47. The stock has a market capitalization of $4.77 billion, a P/E ratio of 23.93, a PEG ratio of 1.93 and a beta of 0.47.

About Option Care Health

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.