Almost Family Inc (AFAM) Rating Lowered to Neutral at Robert W. Baird
Almost Family Inc (NASDAQ:AFAM) was downgraded by Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They presently have a $64.00 price target on the stock, up from their prior price target of $55.00. Robert W. Baird’s price objective would indicate a potential upside of 4.40% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Zacks Investment Research raised Almost Family from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Royal Bank of Canada reissued an “outperform” rating and set a $56.00 price target (up from $55.00) on shares of Almost Family in a report on Thursday, March 16th. Jefferies Group LLC reissued a “buy” rating and set a $58.00 price target on shares of Almost Family in a report on Friday, March 31st. Finally, Bank of America Corporation reissued a “neutral” rating and set a $57.00 price target (up from $52.00) on shares of Almost Family in a report on Wednesday, May 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.60.
Almost Family (AFAM) opened at 61.30 on Monday. The firm’s 50-day moving average price is $59.28 and its 200 day moving average price is $50.42. The stock has a market cap of $778.14 million, a PE ratio of 38.77 and a beta of 0.47. Almost Family has a 1-year low of $35.21 and a 1-year high of $62.95.
Almost Family (NASDAQ:AFAM) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.04. The firm had revenue of $201.31 million during the quarter, compared to the consensus estimate of $204.79 million. Almost Family had a return on equity of 7.67% and a net margin of 2.59%. The business’s revenue was up 31.0% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. Equities research analysts expect that Almost Family will post $2.49 EPS for the current year.
In other news, Director Tyree G. Wilburn sold 10,000 shares of Almost Family stock in a transaction on Friday, May 12th. The stock was sold at an average price of $56.65, for a total value of $566,500.00. Following the transaction, the director now owns 18,911 shares in the company, valued at approximately $1,071,308.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William B. Yarmuth sold 30,000 shares of Almost Family stock in a transaction on Monday, May 15th. The shares were sold at an average price of $56.82, for a total value of $1,704,600.00. Following the completion of the transaction, the chief executive officer now owns 430,794 shares in the company, valued at approximately $24,477,715.08. The disclosure for this sale can be found here. Insiders sold a total of 76,942 shares of company stock valued at $4,350,980 over the last ninety days. Insiders own 13.10% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan raised its stake in shares of Almost Family by 32.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 2,620 shares of the company’s stock worth $127,000 after buying an additional 640 shares in the last quarter. Dubuque Bank & Trust Co. purchased a new stake in shares of Almost Family during the first quarter worth $135,000. Mason Street Advisors LLC raised its stake in shares of Almost Family by 43.0% in the first quarter. Mason Street Advisors LLC now owns 2,788 shares of the company’s stock worth $135,000 after buying an additional 839 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Almost Family by 9.4% in the first quarter. BNP Paribas Arbitrage SA now owns 2,923 shares of the company’s stock worth $142,000 after buying an additional 251 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Almost Family during the first quarter worth $159,000. Institutional investors own 82.66% of the company’s stock.
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.
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