Option Care Health, Inc. (NASDAQ:OPCH) Receives $33.00 Average Price Target from Brokerages

Option Care Health, Inc. (NASDAQ:OPCH) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $33.00.

A number of analysts recently weighed in on the company. Barrington Research lifted their price target on Option Care Health from $33.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Bank of America raised shares of Option Care Health from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $33.00 in a research note on Monday, January 13th. UBS Group began coverage on shares of Option Care Health in a research note on Thursday, December 5th. They issued a “neutral” rating and a $26.00 price objective for the company. Jefferies Financial Group upgraded shares of Option Care Health from a “hold” rating to a “buy” rating and upped their target price for the stock from $26.00 to $35.00 in a research report on Thursday, January 23rd. Finally, JMP Securities reiterated a “market outperform” rating and set a $30.00 price target (down from $31.00) on shares of Option Care Health in a research report on Friday, January 10th.

Insider Buying and Selling

In other Option Care Health news, insider Michael Bavaro sold 30,996 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $33.26, for a total transaction of $1,030,926.96. Following the completion of the transaction, the insider now owns 44,974 shares of the company’s stock, valued at approximately $1,495,835.24. This trade represents a 40.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.64% of the company’s stock.

Institutional Trading of Option Care Health

A number of large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its holdings in Option Care Health by 21.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,870 shares of the company’s stock valued at $43,000 after purchasing an additional 332 shares in the last quarter. Cornerstone Investment Partners LLC lifted its stake in shares of Option Care Health by 3.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 9,544 shares of the company’s stock valued at $221,000 after buying an additional 333 shares during the period. UMB Bank n.a. boosted its position in Option Care Health by 41.7% during the fourth quarter. UMB Bank n.a. now owns 1,176 shares of the company’s stock worth $27,000 after acquiring an additional 346 shares during the last quarter. Assetmark Inc. grew its stake in Option Care Health by 2.0% in the 4th quarter. Assetmark Inc. now owns 24,976 shares of the company’s stock worth $579,000 after acquiring an additional 487 shares during the period. Finally, Lindenwold Advisors INC raised its holdings in Option Care Health by 5.4% in the 3rd quarter. Lindenwold Advisors INC now owns 9,548 shares of the company’s stock valued at $299,000 after acquiring an additional 489 shares during the last quarter. Institutional investors and hedge funds own 98.05% of the company’s stock.

Option Care Health Price Performance

Shares of OPCH opened at $32.66 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average is $30.81 and its two-hundred day moving average is $28.24. Option Care Health has a twelve month low of $21.39 and a twelve month high of $34.85. The firm has a market capitalization of $5.40 billion, a PE ratio of 27.45, a P/E/G ratio of 2.30 and a beta of 1.33.

About Option Care Health

Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including crohn’s disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.