Agiliti, Inc. (NYSE:AGTI) Receives $14.17 Average Target Price from Analysts

Agiliti, Inc. (NYSE:AGTI) has earned a consensus recommendation of “Reduce” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $14.17.

Several research firms have recently weighed in on AGTI. Craig Hallum began coverage on Agiliti in a research note on Thursday, January 4th. They issued a “buy” rating and a $23.00 price objective on the stock. Raymond James reissued a “market perform” rating on shares of Agiliti in a report on Tuesday. UBS Group reissued a “neutral” rating and issued a $10.00 target price on shares of Agiliti in a report on Thursday, March 7th. KeyCorp initiated coverage on Agiliti in a report on Tuesday, February 6th. They issued a “sector weight” rating on the stock. Finally, TheStreet raised Agiliti from a “d” rating to a “c-” rating in a report on Tuesday, March 5th.

Insiders Place Their Bets

In other news, EVP Lee M. Neumann sold 4,685 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $10.07, for a total value of $47,177.95. Following the transaction, the executive vice president now owns 34,614 shares of the company’s stock, valued at approximately $348,562.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Lee M. Neumann sold 4,685 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $10.07, for a total value of $47,177.95. Following the transaction, the executive vice president now owns 34,614 shares of the company’s stock, valued at approximately $348,562.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas J. Leonard sold 27,558 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $7.31, for a total value of $201,448.98. Following the sale, the chief executive officer now directly owns 1,938,816 shares in the company, valued at approximately $14,172,744.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,801 shares of company stock valued at $447,871. 4.16% of the stock is currently owned by corporate insiders.

Institutional Trading of Agiliti

Several hedge funds have recently added to or reduced their stakes in AGTI. Morgan Stanley raised 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 worth $67,930,000 after buying an additional 4,032,202 shares during the period. Eaton Vance Management raised its stake in shares of Agiliti by 16.9% in the 1st quarter. Eaton Vance Management now owns 3,466,572 shares of the company’s stock valued at $73,145,000 after purchasing an additional 500,541 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Agiliti by 10.1% in 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 purchasing an additional 418,945 shares during the period. Fred Alger Management LLC raised its stake in shares of Agiliti by 17.7% in the 4th quarter. Fred Alger Management LLC now owns 2,673,992 shares of the company’s stock valued at $43,613,000 after purchasing an additional 401,754 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of Agiliti by 3,312.8% in the 4th quarter. Point72 Asset Management L.P. now owns 364,963 shares of the company’s stock valued at $2,891,000 after purchasing an additional 354,269 shares during the period. Institutional investors and hedge funds own 99.12% of the company’s stock.

Agiliti Trading Down 0.5 %

AGTI stock opened at $10.12 on Thursday. Agiliti has a 1-year low of $5.07 and a 1-year high of $18.61. The firm has a market cap of $1.38 billion, a P/E ratio of -72.28 and a beta of 1.96. The business’s 50 day moving average is $8.53 and its 200-day moving average is $7.52. The company has a current ratio of 1.72, a quick ratio of 1.34 and a debt-to-equity ratio of 1.13.

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.