Amedisys Inc (NASDAQ:AMED) Upgraded to Buy by Mizuho

Amedisys Inc (NASDAQ:AMED) was upgraded by Mizuho from a “neutral” rating to a “buy” rating in a research report issued on Thursday, November 2nd, MarketBeat Ratings reports. The brokerage presently has a $65.00 target price on the health services provider’s stock, up from their prior target price of $55.00. Mizuho’s price objective suggests a potential upside of 13.22% from the company’s previous close.

Several other research analysts also recently commented on the stock. BidaskClub downgraded shares of Amedisys from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Robert W. Baird restated a “hold” rating and issued a $50.00 target price on shares of Amedisys in a report on Wednesday, October 4th. Bank of America Corporation initiated coverage on shares of Amedisys in a report on Monday, August 21st. They issued a “neutral” rating and a $55.00 target price on the stock. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $60.00 target price on shares of Amedisys in a report on Friday, September 15th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price target on shares of Amedisys in a report on Thursday, October 12th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $61.00.

Amedisys (AMED) opened at $57.41 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.16. Amedisys has a 1 year low of $38.00 and a 1 year high of $65.91. The firm has a market cap of $1,910.64, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.36 and a beta of 0.68.

Amedisys (NASDAQ:AMED) last released its quarterly earnings data on Tuesday, November 7th. The health services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $380.20 million during the quarter, compared to analyst estimates of $384.59 million. Amedisys had a net margin of 2.88% and a return on equity of 14.68%. Amedisys’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share. sell-side analysts expect that Amedisys will post 2.23 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Amedisys by 2,877.7% in the 1st quarter. BlackRock Inc. now owns 5,676,870 shares of the health services provider’s stock worth $290,032,000 after purchasing an additional 5,486,225 shares during the period. Point72 Asset Management L.P. boosted its stake in Amedisys by 337.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 474,044 shares of the health services provider’s stock worth $26,528,000 after purchasing an additional 674,044 shares during the period. American Century Companies Inc. boosted its stake in Amedisys by 41.4% in the 3rd quarter. American Century Companies Inc. now owns 1,671,680 shares of the health services provider’s stock worth $93,547,000 after purchasing an additional 489,220 shares during the period. Wells Fargo & Company MN boosted its stake in Amedisys by 29.7% in the 3rd quarter. Wells Fargo & Company MN now owns 1,484,041 shares of the health services provider’s stock worth $83,048,000 after purchasing an additional 339,825 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Amedisys by 662.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 276,808 shares of the health services provider’s stock worth $17,387,000 after purchasing an additional 240,513 shares during the period. Institutional investors own 94.62% of the company’s stock.

About Amedisys

Amedisys, Inc is a healthcare services company. The Company’s segments are Home Health, Hospice, Personal Care and Other. The Company is a provider of home health, hospice and personal care services. As of December 31, 2016, the Company owned and operated 327 Medicare-certified home healthcare centers, 79 Medicare-certified hospice care centers and 14 personal-care care centers in 34 states within the United States and the District of Columbia.

Analyst Recommendations for Amedisys (NASDAQ:AMED)

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