AdaptHealth (NASDAQ:AHCO) Trading Up 6.6%

AdaptHealth Corp. (NASDAQ:AHCO) was up 6.6% during trading on Thursday . The company traded as high as $23.31 and last traded at $23.25. Approximately 515,683 shares were traded during trading, an increase of 140% from the average daily volume of 214,527 shares. The stock had previously closed at $21.81.

Several brokerages recently weighed in on AHCO. SVB Leerink began coverage on shares of AdaptHealth in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $21.00 price objective on the stock. Zacks Investment Research upgraded shares of AdaptHealth from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, August 19th. BidaskClub raised shares of AdaptHealth from a “hold” rating to a “buy” rating in a research note on Thursday, September 10th. Deutsche Bank raised their target price on shares of AdaptHealth from $10.00 to $26.00 in a research note on Thursday, August 6th. Finally, Royal Bank of Canada raised their target price on shares of AdaptHealth from $24.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $24.29.

The firm’s 50-day moving average price is $21.88 and its two-hundred day moving average price is $18.36. The firm has a market capitalization of $1.96 billion, a PE ratio of 76.60 and a beta of -0.03.

AdaptHealth (NASDAQ:AHCO) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The company had revenue of $232.12 million for the quarter, compared to analyst estimates of $195.36 million. Analysts anticipate that AdaptHealth Corp. will post 0.47 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Nuveen Asset Management LLC acquired a new stake in shares of AdaptHealth during the second quarter worth approximately $201,000. Charles Schwab Investment Management Inc. acquired a new stake in AdaptHealth in the second quarter valued at approximately $711,000. Engineers Gate Manager LP acquired a new stake in AdaptHealth in the second quarter valued at approximately $163,000. Jane Street Group LLC acquired a new stake in AdaptHealth in the second quarter valued at approximately $367,000. Finally, Covenant Partners LLC acquired a new stake in AdaptHealth in the second quarter valued at approximately $381,000. Institutional investors and hedge funds own 12.36% of the company’s stock.

About AdaptHealth (NASDAQ:AHCO)

AdaptHealth, LLC distributes home medical equipment. The Company offers mobility products, respiratory therapy, non- invasive ventilation, nutrition supplies, ocean home health products, sleep therapy supplies, bed lifts, seat lift chairs, and bath aids. AdaptHealth, LLC was founded in 2012 and is based in Phoenixville, Pennsylvania.

Read More: Pattern Day Trader – What is the PDT Rule?

Receive News & Ratings for AdaptHealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AdaptHealth and related companies with MarketBeat.com's FREE daily email newsletter.