Brokerages Set Agiliti, Inc. (NYSE:AGTI) Price Target at $14.17

Agiliti, Inc. (NYSE:AGTI) has been given a consensus recommendation of “Reduce” by the seven research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $14.17.

Several equities research analysts have recently issued reports on AGTI shares. UBS Group restated a “neutral” rating and issued a $10.00 target price on shares of Agiliti in a report on Thursday, March 7th. Raymond James reiterated a “market perform” rating on shares of Agiliti in a report on Tuesday, March 26th. TheStreet upgraded shares of Agiliti from a “d” rating to a “c-” rating in a report on Tuesday, March 5th. KeyCorp began coverage on shares of Agiliti in a report on Tuesday, February 6th. They set a “sector weight” rating for the company. Finally, Craig Hallum began coverage on shares of Agiliti in a report on Thursday, January 4th. They set a “buy” rating and a $23.00 price objective for the company.

Insider Activity

In other news, CEO Thomas J. Leonard sold 27,558 shares of Agiliti stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $7.23, for a total value of $199,244.34. Following the transaction, the chief executive officer now owns 1,966,374 shares of the company’s stock, valued at approximately $14,216,884.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Thomas J. Leonard sold 27,558 shares of Agiliti stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $7.23, for a total value of $199,244.34. Following the transaction, the chief executive officer now owns 1,966,374 shares of the company’s stock, valued at approximately $14,216,884.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lee M. Neumann sold 4,685 shares of Agiliti stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $10.07, for a total transaction of $47,177.95. Following the completion of the transaction, the executive vice president now directly owns 34,614 shares in the company, valued at approximately $348,562.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,928 shares of company stock worth $293,460. 4.16% of the stock is currently owned by corporate insiders.

Institutional Trading of Agiliti

Several large investors have recently bought and sold shares of the stock. Morgan Stanley lifted its stake in Agiliti by 3,037.5% during the 4th quarter. Morgan Stanley now owns 4,164,951 shares of the company’s stock valued at $67,930,000 after acquiring an additional 4,032,202 shares during the period. Eaton Vance Management lifted its stake in Agiliti by 16.9% during the 1st quarter. Eaton Vance Management now owns 3,466,572 shares of the company’s stock valued at $73,145,000 after acquiring an additional 500,541 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Agiliti by 10.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,577,543 shares of the company’s stock valued at $74,660,000 after acquiring an additional 418,945 shares during the period. Fred Alger Management LLC lifted its stake in Agiliti by 17.7% during the 4th quarter. Fred Alger Management LLC now owns 2,673,992 shares of the company’s stock valued at $43,613,000 after acquiring an additional 401,754 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in Agiliti by 3,312.8% during the 4th quarter. Point72 Asset Management L.P. now owns 364,963 shares of the company’s stock valued at $2,891,000 after acquiring an additional 354,269 shares during the period. Hedge funds and other institutional investors own 99.12% of the company’s stock.

Agiliti Stock Performance

Shares of NYSE:AGTI opened at $10.03 on Monday. Agiliti has a 52 week low of $5.07 and a 52 week high of $18.61. The stock has a market capitalization of $1.36 billion, a P/E ratio of -71.64 and a beta of 1.95. The firm has a fifty day simple moving average of $9.40 and a two-hundred day simple moving average of $7.82. The company has a quick ratio of 1.34, a current ratio of 1.72 and a debt-to-equity ratio of 1.13.

Agiliti (NYSE:AGTI) last released its earnings results on Tuesday, March 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $291.99 million during the quarter, compared to analyst estimates of $291.99 million. Agiliti had a negative net margin of 1.65% and a positive return on equity of 6.47%. On average, analysts expect that Agiliti will post 0.49 earnings per share for the current fiscal year.

About Agiliti

Agiliti, Inc, together with its subsidiaries, provides healthcare technology management and service solutions to the healthcare industry in the United States. The company offers onsite managed services that are comprehensive programs for the management, reprocessing, and logistics of medical equipment at individual facilities and integrated delivery networks to monitor and adjust equipment quantities and availability to address fluctuations in patient census and acuity.