Chemed Corp. PT Lowered to $63.00 (CHE)
Investment analysts at Deutsche Bank lowered their target price on shares of Chemed Corp. (NYSE:CHE) from $70.00 to $63.00 in a note issued to investors on Tuesday, Analyst Ratings Network reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target suggests a potential downside of 8.16% from the stock’s previous close.
Shares of Chemed Corp. (NYSE:CHE) traded down 4.13% on Tuesday, hitting $65.77. 293,107 shares of the company’s stock traded hands. Chemed Corp. has a 1-year low of $56.51 and a 1-year high of $82.00. The stock’s 50-day moving average is $71.2 and its 200-day moving average is $73.80. The company has a market cap of $1.221 billion and a price-to-earnings ratio of 15.57.
Chemed Corp. (NYSE:CHE) last announced its earnings results on Thursday, July 18th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.11. The company had revenue of $357.00 million for the quarter, compared to the consensus estimate of $368.06 million. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that Chemed Corp. will post $5.68 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer cut their price target on shares of Chemed Corp. (NYSE:CHE) from $85.00 to $82.00 in a research note to investors on Monday, July 22nd. Separately, analysts at Zacks upgraded shares of Chemed Corp. (NYSE:CHE) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, July 19th. They now have a $76.00 price target on the stock. Finally, analysts at CL King downgraded shares of Chemed Corp. (NYSE:CHE) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, July 19th.
Chemed Corporation (NYSE:CHE) purchases, operates and divests subsidiaries engaged in diverse business activities.
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