Almost Family Inc (AFAM) Lifted to Buy at ValuEngine
ValuEngine upgraded shares of Almost Family Inc (NASDAQ:AFAM) from a hold rating to a buy rating in a research report released on Friday morning.
Other equities research analysts have also issued reports about the company. Royal Bank Of Canada reissued a buy rating and issued a $63.00 price target on shares of Almost Family in a research report on Tuesday, June 13th. BidaskClub lowered Almost Family from a buy rating to a hold rating in a research report on Monday, July 24th. Zacks Investment Research raised Almost Family from a sell rating to a hold rating in a research report on Monday, May 15th. Robert W. Baird lowered Almost Family from an outperform rating to a neutral rating and increased their price target for the company from $55.00 to $64.00 in a research report on Monday, July 10th. Finally, Bank of America Corporation reissued a neutral rating and issued a $57.00 price target (up from $52.00) on shares of Almost Family in a research report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $57.60.
Almost Family (AFAM) opened at 49.10 on Friday. The firm’s 50-day moving average is $50.15 and its 200-day moving average is $52.40. Almost Family has a 52-week low of $35.21 and a 52-week high of $62.95. The company has a market capitalization of $673.50 million, a PE ratio of 33.42 and a beta of 0.44.
Almost Family (NASDAQ:AFAM) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56. The business had revenue of $200.70 million during the quarter, compared to analyst estimates of $205.48 million. Almost Family had a return on equity of 7.09% and a net margin of 2.43%. Almost Family’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. On average, equities research analysts forecast that Almost Family will post $2.36 EPS for the current year.
In other news, SVP John Shermyen sold 3,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $61.61, for a total transaction of $184,830.00. Following the completion of the sale, the senior vice president now directly owns 81,864 shares of the company’s stock, valued at approximately $5,043,641.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 13.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in AFAM. Capstone Asset Management Co. increased its position in shares of Almost Family by 5.9% during the 1st quarter. Capstone Asset Management Co. now owns 6,643 shares of the company’s stock valued at $323,000 after purchasing an additional 370 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Almost Family during the 1st quarter valued at $238,000. Nationwide Fund Advisors increased its position in shares of Almost Family by 12.3% during the 1st quarter. Nationwide Fund Advisors now owns 8,386 shares of the company’s stock valued at $408,000 after purchasing an additional 918 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Almost Family during the 1st quarter valued at $562,000. Finally, Wells Fargo & Company MN increased its position in shares of Almost Family by 188.8% during the 1st quarter. Wells Fargo & Company MN now owns 23,048 shares of the company’s stock valued at $1,120,000 after purchasing an additional 15,067 shares during the last quarter. 85.48% of the stock is owned by hedge funds and other institutional investors.
Almost Family Company Profile
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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