Robert W. Baird Boosts Amedisys Inc (AMED) Price Target to $60.00
Amedisys Inc (NASDAQ:AMED) had its target price increased by Robert W. Baird from $50.00 to $60.00 in a research note released on Friday morning. They currently have a neutral rating on the health services provider’s stock.
A number of other equities analysts have also recently issued reports on the company. Mizuho cut Amedisys from a buy rating to a neutral rating and set a $50.00 target price for the company. in a report on Wednesday, July 26th. BidaskClub cut Amedisys from a hold rating to a sell rating in a report on Saturday, August 5th. Bank of America Corporation began coverage on Amedisys in a report on Monday, August 21st. They issued a neutral rating and a $55.00 price objective for the company. Oppenheimer Holdings, Inc. reiterated a buy rating and issued a $60.00 target price on shares of Amedisys in a research note on Friday, September 15th. Finally, SunTrust Banks, Inc. reiterated a buy rating and issued a $60.00 target price on shares of Amedisys in a research note on Monday, October 9th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $61.00.
Amedisys (AMED) traded down $0.14 during mid-day trading on Friday, hitting $56.25. The stock had a trading volume of 310,900 shares, compared to its average volume of 322,348. Amedisys has a 52 week low of $38.00 and a 52 week high of $65.91. The company has a market cap of $1,908.94, a price-to-earnings ratio of 26.91, a P/E/G ratio of 1.36 and a beta of 0.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.33 and a current ratio of 1.33.
Amedisys (NASDAQ:AMED) last posted its quarterly earnings data on Tuesday, November 7th. The health services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. The firm had revenue of $380.20 million for the quarter, compared to the consensus estimate of $384.59 million. Amedisys had a return on equity of 14.68% and a net margin of 2.88%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. research analysts expect that Amedisys will post 2.22 earnings per share for the current fiscal year.
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A number of large investors have recently made changes to their positions in AMED. American Century Companies Inc. increased its stake in Amedisys by 41.4% in the third quarter. American Century Companies Inc. now owns 1,671,680 shares of the health services provider’s stock valued at $93,547,000 after acquiring an additional 489,220 shares during the last quarter. Wells Fargo & Company MN increased its stake in Amedisys by 29.7% in the third quarter. Wells Fargo & Company MN now owns 1,484,041 shares of the health services provider’s stock valued at $83,048,000 after acquiring an additional 339,825 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Amedisys by 662.7% in the second quarter. Russell Investments Group Ltd. now owns 276,808 shares of the health services provider’s stock valued at $17,387,000 after acquiring an additional 240,513 shares during the last quarter. Balyasny Asset Management LLC bought a new position in Amedisys in the second quarter valued at approximately $7,736,000. Finally, TimesSquare Capital Management LLC increased its stake in Amedisys by 15.7% in the second quarter. TimesSquare Capital Management LLC now owns 731,670 shares of the health services provider’s stock valued at $45,956,000 after acquiring an additional 99,380 shares during the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.
Amedisys Company Profile
Amedisys, Inc is a healthcare services company. The Company’s segments are Home Health, Hospice, Personal Care and Other. The Company is a provider of home health, hospice and personal care services. As of December 31, 2016, the Company owned and operated 327 Medicare-certified home healthcare centers, 79 Medicare-certified hospice care centers and 14 personal-care care centers in 34 states within the United States and the District of Columbia.
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