Almost Family Inc. (AFAM) Raised to “Outperform” at Royal Bank Of Canada
Almost Family Inc. (NASDAQ:AFAM) was upgraded by investment analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $55.00 target price on the stock, up from their previous target price of $48.00. Royal Bank Of Canada’s target price suggests a potential upside of 34.80% from the stock’s previous close.
Separately, Zacks Investment Research raised Almost Family from a “sell” rating to a “hold” rating in a report on Monday, June 27th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $49.25.
Shares of Almost Family (NASDAQ:AFAM) opened at 40.80 on Wednesday. The stock has a market capitalization of $414.41 million, a PE ratio of 21.43 and a beta of 0.89. The firm has a 50 day moving average price of $36.71 and a 200 day moving average price of $39.88. Almost Family has a one year low of $34.08 and a one year high of $45.17.
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Almost Family (NASDAQ:AFAM) last released its earnings results on Wednesday, August 3rd. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.03. The firm earned $156 million during the quarter, compared to analysts’ expectations of $155.19 million. Almost Family had a net margin of 3.29% and a return on equity of 8.53%. The business’s revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 EPS. Analysts predict that Almost Family will post $2.45 earnings per share for the current fiscal year.
In other Almost Family news, major shareholder North Tide Capital, Llc sold 11,200 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $40.65, for a total transaction of $455,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.10% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. BlackRock Advisors LLC boosted its stake in Almost Family by 9.8% in the second quarter. BlackRock Advisors LLC now owns 4,121 shares of the company’s stock valued at $176,000 after buying an additional 368 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in Almost Family during the second quarter valued at about $211,000. Citigroup Inc. boosted its stake in Almost Family by 8.0% in the second quarter. Citigroup Inc. now owns 5,530 shares of the company’s stock valued at $236,000 after buying an additional 410 shares during the period. A.R.T. Advisors LLC acquired a new stake in Almost Family during the second quarter valued at about $242,000. Finally, American International Group Inc. boosted its stake in Almost Family by 7.3% in the second quarter. American International Group Inc. now owns 6,135 shares of the company’s stock valued at $261,000 after buying an additional 418 shares during the period. 76.93% of the stock is owned by institutional investors.
Almost Family Company Profile
Almost Family, Inc, along with its subsidiaries, is a provider of home health services. The Company has two divisions, which include Home Health Care and Healthcare Innovations. The Home Health Care division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care).
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