Amedisys Inc (AMED) Given “Hold” Rating at Royal Bank Of Canada
Amedisys Inc (NASDAQ:AMED)‘s stock had its “hold” rating reiterated by research analysts at Royal Bank Of Canada in a report released on Monday.
A number of other analysts have also weighed in on the stock. Mizuho lowered shares of Amedisys from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research note on Wednesday, July 26th. SunTrust Banks, Inc. restated a “buy” rating and set a $60.00 price objective on shares of Amedisys in a research note on Monday, October 9th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $60.00 price objective on shares of Amedisys in a research note on Friday, September 15th. BidaskClub lowered shares of Amedisys from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Bank of America Corporation initiated coverage on shares of Amedisys in a research note on Monday, August 21st. They set a “neutral” rating and a $55.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $56.20.
Amedisys (AMED) opened at 50.27 on Monday. The company’s 50-day moving average is $51.65 and its 200 day moving average is $55.05. Amedisys has a 12-month low of $34.58 and a 12-month high of $65.91. The stock has a market capitalization of $1.70 billion, a PE ratio of 42.97 and a beta of 0.87.
Amedisys (NASDAQ:AMED) last released its quarterly earnings data on Wednesday, July 26th. The health services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. The business had revenue of $378.80 million during the quarter, compared to analyst estimates of $380.80 million. Amedisys had a net margin of 2.70% and a return on equity of 13.71%. Amedisys’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. On average, equities research analysts expect that Amedisys will post $2.21 earnings per share for the current fiscal year.
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In related news, Director Bruce D. Perkins purchased 2,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $46.60 per share, with a total value of $93,200.00. Following the acquisition, the director now directly owns 15,825 shares in the company, valued at approximately $737,445. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David B. Pearce sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $50.00, for a total transaction of $50,000.00. Following the sale, the insider now directly owns 10,488 shares in the company, valued at approximately $524,400. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of AMED. BlackRock Inc. boosted its holdings in shares of Amedisys by 2,877.7% in the first quarter. BlackRock Inc. now owns 5,676,870 shares of the health services provider’s stock worth $290,032,000 after buying an additional 5,486,225 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Amedisys by 662.7% in the second quarter. Russell Investments Group Ltd. now owns 276,808 shares of the health services provider’s stock worth $17,387,000 after buying an additional 240,513 shares during the last quarter. FMR LLC boosted its holdings in shares of Amedisys by 6.9% in the first quarter. FMR LLC now owns 2,352,632 shares of the health services provider’s stock worth $120,196,000 after buying an additional 152,632 shares during the last quarter. Balyasny Asset Management LLC purchased a new position in shares of Amedisys in the second quarter worth approximately $7,736,000. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of Amedisys by 15.7% in the second quarter. TimesSquare Capital Management LLC now owns 731,670 shares of the health services provider’s stock worth $45,956,000 after buying an additional 99,380 shares during the last quarter. 96.55% of the stock is currently owned by institutional investors.
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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