Almost Family Inc (AFAM) Downgraded by Royal Bank Of Canada

Almost Family Inc (NASDAQ:AFAM) was downgraded by investment analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Monday. They currently have a $62.00 price target on the stock, up from their previous price target of $54.00. Royal Bank Of Canada’s price objective indicates a potential upside of 0.24% from the company’s previous close.

Other analysts also recently issued reports about the stock. Jefferies Group LLC reissued a “buy” rating and set a $58.00 price target on shares of Almost Family in a report on Friday, November 3rd. BidaskClub downgraded shares of Almost Family from a “buy” rating to a “hold” rating in a report on Monday, July 24th. ValuEngine raised shares of Almost Family from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. SunTrust Banks, Inc. set a $73.00 price target on shares of Almost Family and gave the stock a “hold” rating in a report on Friday. Finally, Robert W. Baird set a $55.00 price target on shares of Almost Family and gave the stock a “hold” rating in a report on Saturday, October 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $60.67.

Shares of Almost Family (AFAM) opened at $61.85 on Monday. Almost Family has a twelve month low of $39.34 and a twelve month high of $62.95. The stock has a market cap of $863.92, a price-to-earnings ratio of 29.04, a P/E/G ratio of 3.04 and a beta of 0.40. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.27.

Almost Family (NASDAQ:AFAM) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. Almost Family had a net margin of 2.02% and a return on equity of 6.12%. The firm had revenue of $194.30 million for the quarter, compared to the consensus estimate of $199.93 million. During the same period in the prior year, the firm posted $0.66 earnings per share. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. analysts anticipate that Almost Family will post 2.08 EPS for the current fiscal year.

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In other Almost Family news, SVP John Shermyen sold 2,000 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $52.00, for a total transaction of $104,000.00. Following the transaction, the senior vice president now directly owns 79,864 shares of the company’s stock, valued at $4,152,928. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 13.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC lifted its holdings in Almost Family by 25.9% during the third quarter. Sterling Capital Management LLC now owns 35,488 shares of the company’s stock valued at $1,906,000 after purchasing an additional 7,311 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Almost Family during the third quarter valued at $7,570,000. Envestnet Asset Management Inc. raised its position in shares of Almost Family by 24.5% in the third quarter. Envestnet Asset Management Inc. now owns 6,245 shares of the company’s stock valued at $335,000 after buying an additional 1,229 shares during the last quarter. Pinebridge Investments L.P. raised its position in shares of Almost Family by 991.9% in the third quarter. Pinebridge Investments L.P. now owns 17,154 shares of the company’s stock valued at $921,000 after buying an additional 15,583 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Almost Family by 6.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,055,392 shares of the company’s stock valued at $56,674,000 after buying an additional 66,316 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

About Almost Family

Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.

Analyst Recommendations for Almost Family (NASDAQ:AFAM)

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