Brokerages Set Almost Family Inc (AFAM) Target Price at $60.50
Almost Family Inc (NASDAQ:AFAM) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $60.50.
A number of equities analysts have issued reports on AFAM shares. Zacks Investment Research raised shares of Almost Family from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $57.00 price objective (up from $52.00) on shares of Almost Family in a research note on Wednesday, May 17th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Almost Family in a research note on Tuesday, June 13th. BidaskClub cut shares of Almost Family from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Robert W. Baird cut shares of Almost Family from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $55.00 to $64.00 in a research note on Monday, July 10th.
Shares of Almost Family (NASDAQ AFAM) opened at 48.95 on Friday. The firm has a market capitalization of $671.45 million, a P/E ratio of 33.32 and a beta of 0.43. Almost Family has a 52 week low of $35.21 and a 52 week high of $62.95. The firm’s 50-day moving average is $53.33 and its 200 day moving average is $52.38.
Almost Family (NASDAQ:AFAM) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.56. Almost Family had a net margin of 2.43% and a return on equity of 7.09%. The firm had revenue of $200.70 million for the quarter, compared to analysts’ expectations of $205.48 million. During the same period last year, the firm earned $0.61 earnings per share. The business’s revenue for the quarter was up 28.7% on a year-over-year basis. Equities research analysts forecast that Almost Family will post $2.36 EPS for the current fiscal year.
In other news, SVP John Shermyen sold 3,000 shares of Almost Family stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $61.61, for a total transaction of $184,830.00. Following the transaction, the senior vice president now directly owns 81,864 shares of the company’s stock, valued at $5,043,641.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider C Steven Guenthner sold 20,000 shares of Almost Family stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $55.90, for a total transaction of $1,118,000.00. Following the transaction, the insider now directly owns 166,951 shares in the company, valued at $9,332,560.90. The disclosure for this sale can be found here. Company insiders own 13.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. US Bancorp DE boosted its position 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 worth $131,000 after buying an additional 860 shares in the last quarter. State of Alaska Department of Revenue boosted its position 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 worth $145,000 after buying an additional 1,034 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Almost Family by 32.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 2,620 shares of the company’s stock worth $127,000 after buying an additional 640 shares in the last quarter. Dubuque Bank & Trust Co. purchased a new position in shares of Almost Family during the first quarter worth $135,000. Finally, Mason Street Advisors LLC boosted its position in shares of Almost Family by 43.0% in the first quarter. Mason Street Advisors LLC now owns 2,788 shares of the company’s stock worth $135,000 after buying an additional 839 shares in the last quarter. 83.94% of the stock is currently owned by institutional investors.
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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