Chemed Corp. (NYSE:CHE) has earned an average rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $214.50.
A number of brokerages recently issued reports on CHE. Royal Bank Of Canada reiterated a “hold” rating and issued a $208.00 price objective on shares of Chemed Corp. in a report on Wednesday, July 5th. BidaskClub cut shares of Chemed Corp. from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Oppenheimer Holdings, Inc. upped their price objective on shares of Chemed Corp. from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. TheStreet cut shares of Chemed Corp. from a “b+” rating to a “c+” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Chemed Corp. from a “hold” rating to a “buy” rating and set a $226.00 price objective for the company in a report on Friday, July 28th.
In other Chemed Corp. news, insider Spencer S. Lee sold 1,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $197.46, for a total transaction of $197,460.00. Following the completion of the sale, the insider now directly owns 37,809 shares in the company, valued at $7,465,765.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patrick P. Grace sold 500 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $201.48, for a total transaction of $100,740.00. Following the sale, the director now owns 4,515 shares of the company’s stock, valued at $909,682.20. The disclosure for this sale can be found here. Insiders have sold 16,500 shares of company stock valued at $3,315,600 over the last 90 days. Corporate insiders own 5.32% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC bought a new stake in Chemed Corp. during the second quarter valued at about $120,000. Pacad Investment Ltd. boosted its holdings in Chemed Corp. by 250.0% during the second quarter. Pacad Investment Ltd. now owns 700 shares of the company’s stock valued at $143,000 after acquiring an additional 500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Chemed Corp. by 12.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 731 shares of the company’s stock valued at $150,000 after acquiring an additional 83 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Chemed Corp. during the second quarter valued at about $209,000. Finally, World Asset Management Inc bought a new stake in Chemed Corp. during the second quarter valued at about $216,000. Institutional investors own 96.96% of the company’s stock.
Shares of Chemed Corp. (NYSE:CHE) opened at 203.52 on Monday. The stock has a market cap of $3.25 billion, a P/E ratio of 50.49 and a beta of 1.13. The stock has a 50 day moving average price of $194.81 and a 200-day moving average price of $197.29. Chemed Corp. has a 12 month low of $132.92 and a 12 month high of $216.01.
Chemed Corp. (NYSE:CHE) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.26. The firm had revenue of $415.06 million during the quarter, compared to analysts’ expectations of $407.56 million. Chemed Corp. had a net margin of 4.16% and a return on equity of 26.18%. Chemed Corp.’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.80 earnings per share. On average, analysts forecast that Chemed Corp. will post $8.21 EPS for the current fiscal year.
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About Chemed Corp.
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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