Royal Bank Of Canada restated their buy rating on shares of Almost Family Inc (NASDAQ:AFAM) in a report issued on Wednesday morning.

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.

Analyst Recommendations for Almost Family (NASDAQ:AFAM)

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