Shares of Almost Family Inc (NASDAQ:AFAM) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $60.50.

Several brokerages recently weighed in on AFAM. BidaskClub lowered Almost Family from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada restated a “buy” rating and issued a $63.00 price target on shares of Almost Family in a research note on Tuesday, June 13th. ValuEngine upgraded Almost Family from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Robert W. Baird lowered Almost Family from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $55.00 to $64.00 in a research note on Monday, July 10th. Finally, Zacks Investment Research lowered Almost Family from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.

TRADEMARK VIOLATION WARNING: “Almost Family Inc (AFAM) Receives $60.50 Consensus PT from Analysts” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/09/17/almost-family-inc-afam-receives-60-50-consensus-pt-from-analysts.html.

Almost Family (NASDAQ AFAM) traded down 0.62% during trading on Tuesday, hitting $48.25. The stock had a trading volume of 291,969 shares. The firm’s 50-day moving average price is $48.21 and its 200-day moving average price is $52.41. The company has a market cap of $661.85 million, a price-to-earnings ratio of 32.85 and a beta of 0.44. Almost Family has a 52-week low of $35.25 and a 52-week high of $62.95.

Almost Family (NASDAQ:AFAM) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.56 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. Almost Family had a return on equity of 7.09% and a net margin of 2.43%. The firm had revenue of $200.70 million during the quarter, compared to analyst estimates of $205.48 million. During the same quarter in the previous year, the business earned $0.61 EPS. Almost Family’s revenue for the quarter was up 28.7% compared to the same quarter last year. Analysts predict that Almost Family will post $2.36 EPS for the current fiscal year.

In other news, SVP John Shermyen sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was 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 in the company, valued at approximately $5,043,641.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 13.10% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in shares of Almost Family by 188.8% during the 1st quarter. Wells Fargo & Company MN now owns 23,048 shares of the company’s stock worth $1,120,000 after purchasing an additional 15,067 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Almost Family by 8.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,725 shares of the company’s stock worth $570,000 after purchasing an additional 890 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Almost Family by 403.9% during the 1st quarter. Ameriprise Financial Inc. now owns 575,146 shares of the company’s stock worth $27,952,000 after purchasing an additional 461,002 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Almost Family by 38.2% during the 1st quarter. Principal Financial Group Inc. now owns 91,132 shares of the company’s stock worth $4,429,000 after purchasing an additional 25,190 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Almost Family by 32.0% during the 1st quarter. Bank of New York Mellon Corp now owns 138,184 shares of the company’s stock worth $6,716,000 after purchasing an additional 33,528 shares during the last quarter. Institutional investors and hedge funds own 85.48% of the company’s stock.

About Almost Family

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.

Receive News & Stock Ratings for Almost Family Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Almost Family Inc and related stocks with our FREE daily email newsletter.