Amedisys Inc (NASDAQ:AMED) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Amedisys Inc (NASDAQ:AMED) have been given a consensus rating of “Buy” by the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $58.29.
Several research firms have weighed in on AMED. Zacks Investment Research raised Amedisys from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Monday, April 17th. BidaskClub downgraded Amedisys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $56.00 target price on shares of Amedisys in a research report on Monday, June 5th. Stephens lifted their target price on Amedisys from $50.00 to $54.00 and gave the company an “equal weight” rating in a research report on Thursday, May 4th. Finally, Benchmark Co. reaffirmed a “hold” rating and issued a $57.00 target price (up from $50.00) on shares of Amedisys in a research report on Wednesday, May 3rd.
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In other Amedisys news, Director Bruce D. Perkins bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was purchased at an average price of $59.69 per share, for a total transaction of $29,845.00. Following the completion of the purchase, the director now directly owns 13,331 shares in the company, valued at $795,727.39. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jake L. Netterville sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the sale, the director now owns 77,499 shares of the company’s stock, valued at approximately $4,649,940. The disclosure for this sale can be found here. Insiders sold a total of 56,828 shares of company stock valued at $3,350,922 in the last quarter. Company insiders own 2.80% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of Amedisys during the first quarter worth $123,000. State of Alaska Department of Revenue raised its position in Amedisys by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 3,080 shares of the health services provider’s stock worth $157,000 after buying an additional 70 shares during the last quarter. Redmile Group LLC bought a new position in Amedisys during the first quarter worth about $247,000. Suntrust Banks Inc. raised its position in Amedisys by 2.0% in the first quarter. Suntrust Banks Inc. now owns 5,465 shares of the health services provider’s stock worth $279,000 after buying an additional 107 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in Amedisys by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 6,370 shares of the health services provider’s stock worth $325,000 after buying an additional 110 shares during the last quarter. Institutional investors own 99.10% of the company’s stock.
Amedisys (AMED) traded down 1.61% during mid-day trading on Tuesday, reaching $58.06. 60,599 shares of the company were exchanged. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 43.01 and a beta of 0.94. The stock’s 50-day moving average price is $61.38 and its 200-day moving average price is $51.88. Amedisys has a 1-year low of $34.58 and a 1-year high of $65.91.
Amedisys (NASDAQ:AMED) last released its earnings results on Tuesday, May 2nd. The health services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.06. The company had revenue of $370.46 million during the quarter, compared to the consensus estimate of $370.03 million. Amedisys had a return on equity of 12.60% and a net margin of 3.16%. During the same period in the previous year, the company posted $0.33 EPS. On average, equities research analysts anticipate that Amedisys will post $2.07 EPS for the current fiscal year.
Amedisys Company Profile
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.
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