Almost Family (AFAM) PT Set at $65.00 by Robert W. Baird
Almost Family (NASDAQ:AFAM) received a $65.00 price objective from stock analysts at Robert W. Baird in a research report issued to clients and investors on Tuesday. The firm presently has a “hold” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 8.42% from the company’s previous close.
Several other equities research analysts have also issued reports on the stock. Royal Bank Of Canada lowered shares of Almost Family from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $54.00 to $62.00 in a research note on Monday, November 20th. J P Morgan Chase & Co assumed coverage on shares of Almost Family in a research note on Monday, October 9th. They set a “neutral” rating and a $54.00 price target for the company. Zacks Investment Research upgraded shares of Almost Family from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. BidaskClub lowered shares of Almost Family from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Jefferies Group restated a “buy” rating and set a $58.00 price target on shares of Almost Family in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $62.33.
Almost Family (AFAM) traded down $1.55 during trading hours on Tuesday, reaching $59.95. 254,300 shares of the company’s stock traded hands, compared to its average volume of 142,321. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a market cap of $837.20, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 3.14 and a beta of 0.39. Almost Family has a 52-week low of $39.34 and a 52-week high of $66.15.
Almost Family (NASDAQ:AFAM) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $194.30 million during the quarter, compared to analyst estimates of $199.93 million. Almost Family had a net margin of 2.02% and a return on equity of 6.12%. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. analysts expect that Almost Family will post 2.08 earnings per share for the current year.
In other news, SVP John Shermyen sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $52.00, for a total transaction of $104,000.00. Following the completion of the sale, the senior vice president now owns 79,864 shares in the company, valued at approximately $4,152,928. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jonathan Goldberg sold 10,000 shares of Almost Family stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $60.08, for a total transaction of $600,800.00. Following the completion of the transaction, the director now owns 44,803 shares of the company’s stock, valued at $2,691,764.24. The disclosure for this sale can be found here. Company insiders own 13.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in AFAM. Teachers Advisors LLC grew its stake in Almost Family by 47.2% in the 1st quarter. Teachers Advisors LLC now owns 18,696 shares of the company’s stock valued at $909,000 after buying an additional 5,999 shares in the last quarter. California Public Employees Retirement System grew its stake in Almost Family by 4.1% in the 1st quarter. California Public Employees Retirement System now owns 33,000 shares of the company’s stock valued at $1,604,000 after buying an additional 1,300 shares in the last quarter. Vanguard Group Inc. grew its stake in Almost Family by 33.0% in the 1st quarter. Vanguard Group Inc. now owns 637,314 shares of the company’s stock valued at $30,973,000 after buying an additional 157,955 shares in the last quarter. Geode Capital Management LLC grew its stake in Almost Family by 25.6% in the 1st quarter. Geode Capital Management LLC now owns 93,964 shares of the company’s stock valued at $4,566,000 after buying an additional 19,124 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Almost Family by 62.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,900 shares of the company’s stock valued at $870,000 after buying an additional 6,900 shares in the last quarter. Institutional investors and hedge funds own 84.87% of the company’s stock.
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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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