ValuEngine downgraded shares of Almost Family (NASDAQ:AFAM) from a buy rating to a hold rating in a research note issued to investors on Friday.

Other analysts have also recently issued reports about the company. Jefferies Group restated a buy rating and issued a $58.00 target price on shares of Almost Family in a research report on Friday, November 3rd. Royal Bank Of Canada cut Almost Family from an outperform rating to a sector perform rating and raised their target price for the company from $54.00 to $62.00 in a research report on Monday, November 20th. SunTrust Banks set a $73.00 target price on Almost Family and gave the company a hold rating in a research report on Friday, November 17th. Robert W. Baird restated a hold rating and issued a $55.00 target price on shares of Almost Family in a research report on Tuesday, September 19th. Finally, Zacks Investment Research cut Almost Family from a hold rating to a sell rating in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $62.33.

Almost Family (NASDAQ:AFAM) traded down $0.15 on Friday, reaching $59.25. The company had a trading volume of 255,570 shares, compared to its average volume of 193,301. Almost Family has a 12-month low of $39.34 and a 12-month high of $66.15. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.27. The firm has a market cap of $825.34, a PE ratio of 27.89, a P/E/G ratio of 2.88 and a beta of 0.39.

Almost Family (NASDAQ:AFAM) last posted its earnings results on Tuesday, November 7th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Almost Family had a return on equity of 6.12% and a net margin of 2.02%. The firm had revenue of $194.30 million for the quarter, compared to analysts’ expectations of $199.93 million. During the same period last year, the firm earned $0.66 EPS. The firm’s revenue was up 21.1% compared to the same quarter last year. equities analysts predict that Almost Family will post 2.11 EPS for the current fiscal year.

In other news, SVP John Shermyen sold 2,000 shares of Almost Family stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $52.00, for a total transaction of $104,000.00. Following the transaction, the senior vice president now directly owns 79,864 shares in the company, valued at approximately $4,152,928. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Goldberg sold 10,000 shares of Almost Family stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $60.08, for a total value of $600,800.00. Following the transaction, the director now owns 44,803 shares in the company, valued at $2,691,764.24. The disclosure for this sale can be found here. 13.10% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Almost Family by 4.7% during the 2nd quarter. BlackRock Inc. now owns 1,524,387 shares of the company’s stock worth $93,979,000 after acquiring an additional 68,221 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Almost Family by 6.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,055,392 shares of the company’s stock worth $56,674,000 after purchasing an additional 66,316 shares during the last quarter. Vanguard Group Inc. raised its position in Almost Family by 5.1% in the 2nd quarter. Vanguard Group Inc. now owns 669,541 shares of the company’s stock worth $41,277,000 after purchasing an additional 32,227 shares during the last quarter. Ameriprise Financial Inc. raised its position in Almost Family by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 664,973 shares of the company’s stock worth $40,997,000 after purchasing an additional 89,827 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Almost Family by 1.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 586,370 shares of the company’s stock worth $36,150,000 after purchasing an additional 9,706 shares during the last quarter. Institutional investors own 84.87% of the company’s stock.

WARNING: “Almost Family (AFAM) Lowered to “Hold” at ValuEngine” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2017/12/02/almost-family-afam-lowered-to-hold-at-valuengine.html.

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.

Analyst Recommendations for Almost Family (NASDAQ:AFAM)

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.