Almost Family (AFAM) Earns “Hold” Rating from SunTrust Banks

Almost Family (NASDAQ:AFAM)‘s stock had its “hold” rating reiterated by stock analysts at SunTrust Banks in a research note issued to investors on Friday, November 10th. They currently have a $58.00 price objective on the stock. SunTrust Banks’ target price would suggest a potential downside of 4.45% from the stock’s current price. SunTrust Banks also issued estimates for Almost Family’s Q4 2017 earnings at $0.56 EPS and FY2017 earnings at $2.09 EPS.

Other equities research analysts have also recently issued research reports about the company. Jefferies Group reaffirmed a “buy” rating and set a $58.00 target price on shares of Almost Family in a research report on Friday, November 3rd. BidaskClub cut Almost Family from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Robert W. Baird set a $55.00 price objective on Almost Family and gave the company a “hold” rating in a research report on Saturday, October 21st. Royal Bank Of Canada restated a “buy” rating on shares of Almost Family in a research note on Wednesday, October 11th. Finally, ValuEngine upgraded Almost Family from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Almost Family currently has a consensus rating of “Hold” and an average target price of $62.33.

Shares of Almost Family (NASDAQ:AFAM) traded up $0.75 during midday trading on Friday, hitting $60.70. The company had a trading volume of 220,600 shares, compared to its average volume of 142,661. The company has a market cap of $837.20, a PE ratio of 30.05, a price-to-earnings-growth ratio of 3.14 and a beta of 0.39. Almost Family has a 1-year low of $39.34 and a 1-year 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.

Almost Family (NASDAQ:AFAM) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $194.30 million during the quarter, compared to analysts’ expectations of $199.93 million. Almost Family had a return on equity of 6.12% and a net margin of 2.02%. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS. analysts predict that Almost Family will post 2.08 EPS for the current fiscal year.

In other news, Director Jonathan Goldberg sold 10,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $60.08, for a total transaction of $600,800.00. Following the sale, the director now owns 44,803 shares in the company, valued at $2,691,764.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Shermyen sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $52.00, for a total value of $104,000.00. Following the completion of the transaction, the senior vice president now owns 79,864 shares in the company, valued at approximately $4,152,928. The disclosure for this sale can be found here. Corporate insiders own 13.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC boosted its holdings in Almost Family by 25.9% in the third quarter. Sterling Capital Management LLC now owns 35,488 shares of the company’s stock valued at $1,906,000 after acquiring an additional 7,311 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Almost Family in the third quarter valued at about $7,570,000. Envestnet Asset Management Inc. boosted its holdings in Almost Family by 24.5% in the third quarter. Envestnet Asset Management Inc. now owns 6,245 shares of the company’s stock valued at $335,000 after acquiring an additional 1,229 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in Almost Family by 991.9% in the third quarter. Pinebridge Investments L.P. now owns 17,154 shares of the company’s stock valued at $921,000 after acquiring an additional 15,583 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Almost Family by 6.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,055,392 shares of the company’s stock worth $56,674,000 after buying an additional 66,316 shares during the last quarter. Institutional investors and hedge funds own 84.87% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was published by BBNS and is the property of of BBNS. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://baseballnewssource.com/markets/almost-familys-afam-hold-rating-reaffirmed-at-suntrust-banks-inc/1773515.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 & 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 companies with our FREE daily email newsletter.

 


Latest News

Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan


Leave a Reply

 
© 2006-2017 BBNS.