Almost Family (AFAM) Downgraded to Sell at BidaskClub

Almost Family (NASDAQ:AFAM) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also commented on AFAM. Royal Bank of Canada lowered shares of Almost Family from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $54.00 to $62.00 in a research report on Monday, November 20th. SunTrust Banks set a $73.00 price target on shares of Almost Family and gave the company a “hold” rating in a research report on Friday, November 17th. Robert W. Baird set a $65.00 price target on shares of Almost Family and gave the company a “hold” rating in a research report on Tuesday, November 28th. ValuEngine lowered shares of Almost Family from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research lowered shares of Almost Family from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.33.

Shares of Almost Family (NASDAQ AFAM) opened at $57.50 on Friday. The company has a market cap of $802.99, a PE ratio of 47.92, a price-to-earnings-growth ratio of 2.24 and a beta of 0.56. Almost Family has a 1 year low of $40.15 and a 1 year high of $66.15. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.27.

Several institutional investors have recently made changes to their positions in AFAM. Schwab Charles Investment Management Inc. raised its position in shares of Almost Family by 17.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 21,100 shares of the company’s stock valued at $1,301,000 after purchasing an additional 3,200 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Almost Family by 8.2% in the 2nd quarter. Wells Fargo & Company MN now owns 24,928 shares of the company’s stock valued at $1,536,000 after purchasing an additional 1,880 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Almost Family by 156.0% in the 2nd quarter. Alliancebernstein L.P. now owns 21,500 shares of the company’s stock valued at $1,325,000 after purchasing an additional 13,100 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Almost Family by 22.2% in the 2nd quarter. Teachers Advisors LLC now owns 22,845 shares of the company’s stock valued at $1,408,000 after purchasing an additional 4,149 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of Almost Family by 15.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 34,384 shares of the company’s stock valued at $2,120,000 after purchasing an additional 4,530 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

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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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