Zacks: Apollo Medical Holdings Inc (AMEH) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Apollo Medical Holdings Inc (NASDAQ:AMEH) have received a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.
Analysts have set a one year consensus price target of $25.00 for the company and are forecasting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Apollo Medical an industry rank of 176 out of 255 based on the ratings given to related companies.
Several equities research analysts have weighed in on AMEH shares. ValuEngine upgraded shares of Apollo Medical from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Zacks Investment Research lowered shares of Apollo Medical from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th.
Apollo Medical (NASDAQ:AMEH) last posted its earnings results on Monday, March 18th. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.20). The firm had revenue of $105.46 million during the quarter. Apollo Medical had a return on equity of 6.00% and a net margin of 2.08%. As a group, sell-side analysts predict that Apollo Medical will post 0.34 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of AMEH. Vanguard Group Inc raised its holdings in Apollo Medical by 184.8% in the third quarter. Vanguard Group Inc now owns 928,911 shares of the company’s stock worth $20,501,000 after purchasing an additional 602,710 shares during the period. BlackRock Inc. raised its holdings in Apollo Medical by 8.7% in the fourth quarter. BlackRock Inc. now owns 353,218 shares of the company’s stock worth $7,012,000 after purchasing an additional 28,411 shares during the period. Northern Trust Corp raised its holdings in Apollo Medical by 33.2% in the fourth quarter. Northern Trust Corp now owns 111,883 shares of the company’s stock worth $2,221,000 after purchasing an additional 27,894 shares during the period. Bank of New York Mellon Corp raised its holdings in Apollo Medical by 63.4% in the fourth quarter. Bank of New York Mellon Corp now owns 59,862 shares of the company’s stock worth $1,188,000 after purchasing an additional 23,217 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Apollo Medical by 14.3% in the fourth quarter. Geode Capital Management LLC now owns 183,445 shares of the company’s stock worth $3,641,000 after purchasing an additional 22,917 shares during the period. Institutional investors own 6.73% of the company’s stock.
Apollo Medical Company Profile
Apollo Medical Holdings, Inc, an integrated health care delivery and management company, provides medical care services. The company offers care coordination services to principal constituents of the healthcare delivery system, including patients, families, primary care physicians, specialists, acute care hospitals, alternative sites of inpatient care, physician groups, and health plans.
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