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.
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.
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