Almost Family Inc (AFAM) Receives $60.50 Consensus PT from Analysts
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.
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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.
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