Almost Family (NASDAQ:AFAM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, March 7th. The firm currently has a $64.00 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 10.44% from the company’s previous close.
According to Zacks, “Almost Family, Inc. is a regionally focused provider of home health services. They have service locations in Florida, Ohio, Tennessee, New York, Kentucky, Connecticut, New Jersey, Massachusetts, Indiana, Illinois, Pennsylvania, Georgia, Missouri, Mississippi and Alabama. The Company has two divisions, Home Health care and Healthcare Innovations. “
Several other equities research analysts have also commented on AFAM. JPMorgan Chase & Co. lifted their price target on shares of Almost Family to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. ValuEngine upgraded shares of Almost Family from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. SunTrust Banks restated a “hold” rating and issued a $58.00 price objective on shares of Almost Family in a research note on Friday, November 10th. Royal Bank of Canada lowered shares of Almost Family from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $54.00 to $62.00 in a research note on Monday, November 20th. Finally, Robert W. Baird set a $65.00 price target on shares of Almost Family and gave the stock a “hold” rating in a research note on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $61.71.
Almost Family (NASDAQ:AFAM) opened at $57.95 on Wednesday. The company has a market cap of $813.68, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 1.12 and a beta of 0.52. Almost Family has a 1 year low of $40.15 and a 1 year high of $66.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.97 and a quick ratio of 1.97.
Almost Family (NASDAQ:AFAM) last released its quarterly earnings data on Monday, February 26th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Almost Family had a net margin of 2.56% and a return on equity of 5.88%. The business had revenue of $200.62 million during the quarter, compared to analysts’ expectations of $203.44 million. During the same period in the previous year, the company earned $0.59 EPS. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. equities research analysts forecast that Almost Family will post 3.06 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System lifted its holdings in shares of Almost Family by 3.7% in the second quarter. California State Teachers Retirement System now owns 22,601 shares of the company’s stock valued at $1,393,000 after purchasing an additional 800 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Almost Family by 4.7% in the third quarter. Rhumbline Advisers now owns 25,623 shares of the company’s stock valued at $1,376,000 after purchasing an additional 1,155 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Almost Family by 24.5% in the third quarter. Envestnet Asset Management Inc. now owns 6,245 shares of the company’s stock valued at $335,000 after purchasing an additional 1,229 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Almost Family by 1,261.0% in the third quarter. Sei Investments Co. now owns 1,361 shares of the company’s stock valued at $110,000 after purchasing an additional 1,261 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its holdings in shares of Almost Family by 7.4% in the fourth quarter. Pinebridge Investments L.P. now owns 18,415 shares of the company’s stock valued at $1,020,000 after purchasing an additional 1,261 shares in the last quarter. 84.64% of the stock is currently owned by 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.
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