Equities researchers at J P Morgan Chase & Co initiated coverage on shares of Almost Family Inc (NASDAQ:AFAM) in a report released on Monday, October 9th, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $54.00 price target on the stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 13.56% from the company’s current price.
AFAM has been the topic of several other research reports. Zacks Investment Research lowered shares of Almost Family from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub lowered shares of Almost Family from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. ValuEngine upgraded shares of Almost Family from a “hold” rating to a “buy” rating in a research note on Friday, September 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. Finally, Robert W. Baird restated a “hold” rating and issued a $55.00 price target on shares of Almost Family in a research note on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Almost Family presently has a consensus rating of “Hold” and a consensus target price of $56.50.
Almost Family (AFAM) opened at 47.55 on Monday. The firm has a market cap of $652.24 million, a PE ratio of 32.37 and a beta of 0.47. The firm’s 50-day moving average price is $48.84 and its 200 day moving average price is $52.46. Almost Family has a 52-week low of $36.75 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 EPS for the quarter, meeting the consensus estimate of $0.56. Almost Family had a net margin of 2.43% and a return on equity of 7.09%. The company had revenue of $200.70 million for the quarter, compared to analyst estimates of $205.48 million. During the same quarter last year, the business earned $0.61 earnings per share. Almost Family’s revenue was up 28.7% compared to the same quarter last year. On average, equities analysts anticipate that Almost Family will post $2.15 earnings per share for the current year.
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In related news, SVP John Shermyen sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $52.00, for a total transaction of $104,000.00. Following the transaction, the senior vice president now owns 79,864 shares in the company, valued at $4,152,928. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.10% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of AFAM. Goldman Sachs Group Inc. grew its position in Almost Family by 1,571.9% in the first quarter. Goldman Sachs Group Inc. now owns 576,664 shares of the company’s stock worth $28,026,000 after buying an additional 542,172 shares during the last quarter. FMR LLC boosted its stake in shares of Almost Family by 33.5% during the 1st quarter. FMR LLC now owns 2,077,849 shares of the company’s stock valued at $100,984,000 after buying an additional 521,870 shares during the period. Vanguard Group Inc. boosted its stake in shares of Almost Family by 33.0% during the 1st quarter. Vanguard Group Inc. now owns 637,314 shares of the company’s stock valued at $30,973,000 after buying an additional 157,955 shares during the period. Summit Creek Advisors LLC acquired a new stake in shares of Almost Family during the 3rd quarter valued at $7,810,000. Finally, Capital Research Global Investors boosted its stake in shares of Almost Family by 46.0% during the 2nd quarter. Capital Research Global Investors now owns 457,000 shares of the company’s stock valued at $28,174,000 after buying an additional 144,000 shares during the period. Hedge funds and other institutional investors 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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