Chemed (CHE) Updates FY18 Earnings Guidance
Chemed (NYSE:CHE) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $10.60-10.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.01.
A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of Chemed from a buy rating to a hold rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Chemed from a hold rating to a buy rating and set a $251.00 price target for the company in a research note on Thursday, November 2nd. TheStreet upgraded shares of Chemed from a c+ rating to an a- rating in a research note on Friday, October 27th. Royal Bank of Canada lifted their price target on shares of Chemed to $232.00 and gave the stock a sector perform rating in a research note on Tuesday, October 31st. Finally, Oppenheimer lifted their price target on shares of Chemed from $220.00 to $225.00 and gave the stock an outperform rating in a research note on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $236.00.
Chemed (NYSE:CHE) traded up $4.35 during mid-day trading on Wednesday, reaching $253.73. 140,231 shares of the company’s stock were exchanged, compared to its average volume of 97,507. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 0.15. Chemed has a 12 month low of $170.54 and a 12 month high of $275.83. The firm has a market capitalization of $4,033.49, a PE ratio of 56.38 and a beta of 1.13.
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Chemed Company Profile
Chemed Corporation purchases, operates and divests subsidiaries engaged in various business activities. The Company operates through two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company’s VITAS provides hospice and palliative care services to its patients through a network of physicians, registered nurses, home health aides, social workers, clergy and volunteers.
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