Almost Family Inc. (AFAM) Lifted to “Buy” at Zacks Investment Research
Almost Family Inc. (NASDAQ:AFAM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $46.00 price objective on the stock. Zacks Investment Research’s price target points to a potential upside of 12.75% from the stock’s previous close.
According to Zacks, “Almost Family, Inc. is a regionally focused provider of home health services. They have service locations in Florida, Ohio, Tennessee, New York, Kentucky, Connecticut, New Jersey, Massachusetts, Indiana, Illinois, Pennsylvania, Georgia, Missouri, Mississippi and Alabama. The Company has two divisions, Home Health care and Healthcare Innovations. “
Other research analysts also recently issued research reports about the company. RBC Capital Markets upgraded Almost Family from a “sector perform” rating to an “outperform” rating in a report on Wednesday. Royal Bank Of Canada upgraded Almost Family from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $48.00 to $55.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $49.75.
Almost Family (NASDAQ:AFAM) traded up 3.7287% on Wednesday, hitting $42.3213. The stock had a trading volume of 114,226 shares. The stock has a 50 day moving average price of $36.71 and a 200 day moving average price of $39.88. Almost Family has a 1-year low of $34.08 and a 1-year high of $45.17. The company has a market cap of $429.86 million, a P/E ratio of 22.2276 and a beta of 0.89.
Almost Family (NASDAQ:AFAM) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.03. Almost Family had a net margin of 3.29% and a return on equity of 8.53%. The business had revenue of $156 million for the quarter, compared to analysts’ expectations of $155.19 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, equities research analysts expect that Almost Family will post $2.45 EPS for the current fiscal year.
In other Almost Family news, major shareholder North Tide Capital, Llc sold 54,000 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $42.25, for a total transaction of $2,281,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 13.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AFAM. UBS Asset Management Americas Inc. purchased a new position in Almost Family during the second quarter worth $211,000. Nationwide Fund Advisors boosted its stake in shares of Almost Family by 11.6% in the second quarter. Nationwide Fund Advisors now owns 7,079 shares of the company’s stock worth $302,000 after buying an additional 735 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Almost Family by 4.5% in the second quarter. Ameriprise Financial Inc. now owns 42,305 shares of the company’s stock worth $1,802,000 after buying an additional 1,835 shares in the last quarter. Chartwell Investment Partners LLC bought a new stake in shares of Almost Family during the second quarter worth approximately $2,418,000. Finally, California State Teachers Retirement System boosted its stake in shares of Almost Family by 10.9% in the second quarter. California State Teachers Retirement System now owns 17,001 shares of the company’s stock worth $724,000 after buying an additional 1,666 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.
Almost Family Company Profile
Almost Family, Inc, along with its subsidiaries, is a provider of home health services. The Company has two divisions, which include Home Health Care and Healthcare Innovations. The Home Health Care division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care).
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