Almost Family Inc. (NASDAQ:AFAM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

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. “

Other equities research analysts also recently issued reports about the company. Jefferies Group reiterated a “buy” rating and issued a $58.00 target price on shares of Almost Family in a research report on Friday, October 21st. Robert W. Baird upgraded Almost Family from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $44.00 to $55.00 in a research report on Thursday, November 3rd. RBC Capital Markets upgraded Almost Family from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $48.00 to $55.00 in a research report on Wednesday, October 19th. Finally, Royal Bank Of Canada upgraded Almost Family from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $48.00 to $55.00 in a research report on Wednesday, October 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $51.50.

Analyst Recommendations for Almost Family (NASDAQ:AFAM)

Shares of Almost Family (NASDAQ:AFAM) opened at 40.35 on Tuesday. The company has a market capitalization of $410.40 million, a price-to-earnings ratio of 24.56 and a beta of 0.82. Almost Family has a 12 month low of $34.08 and a 12 month high of $44.64. The stock has a 50 day moving average price of $38.60 and a 200-day moving average price of $40.10.

Almost Family (NASDAQ:AFAM) last posted its earnings results on Tuesday, November 1st. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.07. The company had revenue of $160.40 million for the quarter, compared to the consensus estimate of $159.17 million. Almost Family had a return on equity of 8.86% and a net margin of 2.74%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share. Analysts expect that Almost Family will post $2.44 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of AFAM. Prudential Financial Inc. increased its stake in shares of Almost Family by 9.8% in the first quarter. Prudential Financial Inc. now owns 21,192 shares of the company’s stock valued at $789,000 after buying an additional 1,900 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Almost Family by 2.1% in the first quarter. BlackRock Fund Advisors now owns 513,110 shares of the company’s stock valued at $19,108,000 after buying an additional 10,646 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Almost Family during the first quarter valued at $448,000. Capstone Asset Management Co. increased its stake in shares of Almost Family by 25.2% in the second quarter. Capstone Asset Management Co. now owns 7,393 shares of the company’s stock valued at $315,000 after buying an additional 1,490 shares during the last quarter. Finally, Foundry Partners LLC increased its stake in shares of Almost Family by 0.3% in the second quarter. Foundry Partners LLC now owns 74,895 shares of the company’s stock valued at $3,191,000 after buying an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 77.19% of the company’s stock.

Almost Family Company Profile

Almost Family, Inc, along with its subsidiaries, is a provider of home health services. The Company has two divisions, which include Home Health Care and Healthcare Innovations. The Home Health Care division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care).

5 Day Chart for NASDAQ:AFAM

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