Royal Bank Of Canada Reaffirms Buy Rating for Almost Family Inc (AFAM)
Several other research firms have also recently issued reports on AFAM. Zacks Investment Research cut shares of Almost Family from a hold rating to a sell rating in a research report on Wednesday, July 12th. Robert W. Baird reiterated a hold rating and set a $55.00 price objective on shares of Almost Family in a research report on Tuesday, September 19th. ValuEngine upgraded shares of Almost Family from a hold rating to a buy rating in a research report on Friday, September 1st. BidaskClub cut shares of Almost Family from a hold rating to a sell rating in a research report on Tuesday, August 1st. Finally, J P Morgan Chase & Co assumed coverage on shares of Almost Family in a research report on Monday, October 9th. They issued a neutral rating and a $54.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $57.40.
Shares of Almost Family (AFAM) traded down 0.32% during trading on Wednesday, hitting $46.55. 131,095 shares of the stock were exchanged. Almost Family has a 52-week low of $36.75 and a 52-week high of $62.95. The firm has a 50 day moving average of $48.86 and a 200-day moving average of $52.51. The stock has a market cap of $638.53 million, a PE ratio of 31.69 and a beta of 0.47.
Almost Family (NASDAQ:AFAM) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. The firm had revenue of $200.70 million for the quarter, compared to analysts’ expectations of $205.48 million. Almost Family had a net margin of 2.43% and a return on equity of 7.09%. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share. Equities research analysts anticipate that Almost Family will post $2.18 earnings per share for the current fiscal year.
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In related news, SVP John Shermyen sold 2,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $52.00, for a total value of $104,000.00. Following the sale, the senior vice president now owns 79,864 shares in the company, valued at $4,152,928. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in AFAM. Municipal Employees Retirement System of Michigan boosted its stake in Almost Family by 32.3% during the first quarter. Municipal Employees Retirement System of Michigan now owns 2,620 shares of the company’s stock worth $127,000 after buying an additional 640 shares during the period. US Bancorp DE boosted its stake in Almost Family by 68.4% during the second quarter. US Bancorp DE now owns 2,118 shares of the company’s stock worth $131,000 after buying an additional 860 shares during the period. Mason Street Advisors LLC boosted its stake in Almost Family by 43.0% during the first quarter. Mason Street Advisors LLC now owns 2,788 shares of the company’s stock worth $135,000 after buying an additional 839 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Almost Family by 9.4% during the first quarter. BNP Paribas Arbitrage SA now owns 2,923 shares of the company’s stock worth $142,000 after buying an additional 251 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Almost Family by 78.3% during the second quarter. State of Alaska Department of Revenue now owns 2,354 shares of the company’s stock worth $145,000 after buying an additional 1,034 shares during the period. Institutional investors own 85.48% of the company’s stock.
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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