Royal Bank Of Canada cut shares of Almost Family (NASDAQ:AFAM) from an outperform rating to a sector perform rating in a research note issued to investors on Monday, November 20th, Marketbeat.com reports. Royal Bank Of Canada currently has $62.00 price objective on the stock, up from their prior price objective of $54.00.
A number of other brokerages have also recently weighed in on AFAM. Robert W. Baird set a $55.00 price objective on shares of Almost Family and gave the stock a hold rating in a research note on Saturday, October 21st. SunTrust Banks set a $73.00 target price on shares of Almost Family and gave the company a hold rating in a research note on Friday, November 17th. ValuEngine upgraded shares of Almost Family from a hold rating to a buy rating in a research note on Thursday, November 9th. Zacks Investment Research raised shares of Almost Family from a sell rating to a hold rating in a report on Tuesday, October 10th. Finally, Jefferies Group reissued a buy rating and issued a $58.00 price target on shares of Almost Family in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $62.33.
Shares of Almost Family (NASDAQ:AFAM) traded up $0.35 on Monday, reaching $58.00. 331,993 shares of the company were exchanged, compared to its average volume of 144,898. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a market capitalization of $802.46, a P/E ratio of 26.97, a PEG ratio of 2.78 and a beta of 0.52. 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 earnings results on Tuesday, November 7th. The company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Almost Family had a net margin of 2.02% and a return on equity of 6.12%. The company had revenue of $194.30 million during the quarter, compared to the consensus estimate of $199.93 million. During the same period in the previous year, the firm posted $0.66 earnings per share. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. equities analysts predict that Almost Family will post 2.11 earnings per share for the current year.
In related news, SVP John Shermyen sold 2,000 shares of the stock in a transaction that occurred 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 directly owns 79,864 shares in the company, valued at approximately $4,152,928. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Goldberg sold 10,000 shares of the 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 sale, the director now owns 44,803 shares in the company, 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 hedge funds have recently made changes to their positions in the business. Sei Investments Co. grew its stake in shares of Almost Family by 1,261.0% during the 3rd quarter. Sei Investments Co. now owns 1,361 shares of the company’s stock worth $110,000 after acquiring an additional 1,261 shares in the last quarter. US Bancorp DE grew its stake in shares of Almost Family by 68.4% in the second quarter. US Bancorp DE now owns 2,118 shares of the company’s stock valued at $131,000 after buying an additional 860 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Almost Family by 78.3% in the second quarter. State of Alaska Department of Revenue now owns 2,354 shares of the company’s stock valued at $145,000 after buying an additional 1,034 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Almost Family in the third quarter valued at $148,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Almost Family by 7.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,810 shares of the company’s stock valued at $173,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors 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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