Truist Financial Issues Pessimistic Forecast for Aveanna Healthcare (NASDAQ:AVAH) Stock Price

Aveanna Healthcare (NASDAQ:AVAH) had its target price trimmed by Truist Financial from $6.00 to $5.25 in a research report report published on Monday morning,Benzinga reports. The firm currently has a hold rating on the stock.

Aveanna Healthcare Stock Performance

Shares of NASDAQ AVAH opened at $4.67 on Monday. The stock has a market capitalization of $902.36 million, a P/E ratio of -13.73 and a beta of 2.25. The stock’s fifty day moving average is $5.13 and its 200 day moving average is $4.72. Aveanna Healthcare has a 52 week low of $2.00 and a 52 week high of $6.19.

Aveanna Healthcare (NASDAQ:AVAH) last released its earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The firm had revenue of $509.02 million during the quarter, compared to the consensus estimate of $495.80 million. During the same period in the prior year, the business earned ($0.05) earnings per share. Equities research analysts forecast that Aveanna Healthcare will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On Aveanna Healthcare

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning raised its holdings in shares of Aveanna Healthcare by 21.3% during the 3rd quarter. Creative Planning now owns 48,502 shares of the company’s stock worth $252,000 after buying an additional 8,502 shares in the last quarter. Bank of New York Mellon Corp grew its position in Aveanna Healthcare by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 149,761 shares of the company’s stock valued at $413,000 after acquiring an additional 9,243 shares during the last quarter. State Street Corp raised its stake in Aveanna Healthcare by 0.9% during the third quarter. State Street Corp now owns 1,039,920 shares of the company’s stock worth $5,408,000 after acquiring an additional 9,446 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Aveanna Healthcare by 35.9% in the 2nd quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock valued at $126,000 after purchasing an additional 12,075 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Aveanna Healthcare during the 3rd quarter valued at approximately $69,000. 87.96% of the stock is currently owned by institutional investors.

About Aveanna Healthcare

Aveanna Healthcare Holdings Inc, a diversified home care platform company, provides pediatric and adult healthcare services in the United States. Its patient-centered care delivery platform allows patients to remain in their homes and minimizes the overutilization of high-cost care settings, such as hospitals or skilled nursing facilities.