Almost Family Inc (AFAM) Receives Average Rating of “Hold” from Analysts

Shares of Almost Family Inc (NASDAQ:AFAM) have earned a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $62.33.

A number of research firms have weighed in on AFAM. Jefferies Group reaffirmed a “buy” rating and set a $58.00 price target on shares of Almost Family in a research note on Friday, November 3rd. Royal Bank of Canada downgraded shares of Almost Family from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $54.00 to $62.00 in a research note on Monday, November 20th. Zacks Investment Research downgraded shares of Almost Family from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 9th. ValuEngine raised shares of Almost Family from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Robert W. Baird set a $55.00 price target on shares of Almost Family and gave the stock a “hold” rating in a research note on Saturday, October 21st.

In other Almost Family news, 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 transaction, the director now owns 44,803 shares of the company’s stock, valued at $2,691,764.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 13.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Almost Family by 4.7% in the 2nd quarter. BlackRock Inc. now owns 1,524,387 shares of the company’s stock valued at $93,979,000 after acquiring an additional 68,221 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Almost Family by 6.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,055,392 shares of the company’s stock valued at $56,674,000 after acquiring an additional 66,316 shares during the period. Vanguard Group Inc. raised its stake in shares of Almost Family by 5.1% in the 2nd quarter. Vanguard Group Inc. now owns 669,541 shares of the company’s stock valued at $41,277,000 after acquiring an additional 32,227 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Almost Family by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 664,973 shares of the company’s stock valued at $40,997,000 after acquiring an additional 89,827 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Almost Family by 1.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 586,370 shares of the company’s stock valued at $36,150,000 after acquiring an additional 9,706 shares during the period. 84.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of Almost Family (NASDAQ AFAM) traded down $0.75 during midday trading on Monday, reaching $57.90. 50,200 shares of the company were exchanged, compared to its average volume of 227,833. Almost Family has a 1 year low of $40.15 and a 1 year high of $66.15. The firm has a market capitalization of $808.74, a price-to-earnings ratio of 48.25, a P/E/G ratio of 2.26 and a beta of 0.52. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.40 and a current ratio of 2.40.

Almost Family (NASDAQ:AFAM) last announced its earnings results on Tuesday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $194.30 million for the quarter, compared to analyst estimates of $199.93 million. During the same quarter last year, the business earned $0.66 earnings per share. Almost Family’s revenue was up 21.1% compared to the same quarter last year. analysts anticipate that Almost Family will post 2.12 EPS for the current fiscal year.

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Almost Family Company Profile

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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