Chemed (NYSE:CHE) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.
CHE has been the topic of several other reports. KeyCorp restated a “hold” rating on shares of Chemed in a report on Friday, October 27th. Royal Bank Of Canada restated a “hold” rating and set a $209.00 price target on shares of Chemed in a report on Tuesday, October 3rd. Zacks Investment Research cut Chemed from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. TheStreet upgraded Chemed from a “c+” rating to an “a-” rating in a report on Friday, October 27th. Finally, Oppenheimer boosted their price target on Chemed from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Chemed currently has an average rating of “Hold” and a consensus price target of $236.00.
Chemed (NYSE:CHE) traded up $1.61 during trading on Friday, reaching $247.53. The company’s stock had a trading volume of 135,158 shares, compared to its average volume of 107,057. Chemed has a 1 year low of $148.84 and a 1 year high of $248.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.48 and a current ratio of 0.50. The company has a market capitalization of $3,950.00, a PE ratio of 30.48, a PEG ratio of 5.23 and a beta of 1.16.
In related news, insider David Patrick Williams sold 11,000 shares of Chemed stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $241.28, for a total value of $2,654,080.00. Following the transaction, the insider now directly owns 74,857 shares of the company’s stock, valued at $18,061,496.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Naomi C. Dallob sold 750 shares of Chemed stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $222.09, for a total value of $166,567.50. Following the completion of the transaction, the vice president now directly owns 9,097 shares in the company, valued at $2,020,352.73. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,179 shares of company stock worth $10,479,699. 4.90% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the stock. Kalos Management Inc. lifted its stake in shares of Chemed by 0.7% in the second quarter. Kalos Management Inc. now owns 6,521 shares of the company’s stock worth $1,333,000 after acquiring an additional 45 shares during the period. Capstone Asset Management Co. lifted its stake in shares of Chemed by 2.7% in the second quarter. Capstone Asset Management Co. now owns 1,857 shares of the company’s stock worth $380,000 after acquiring an additional 49 shares during the period. Amalgamated Bank lifted its stake in shares of Chemed by 2.9% in the second quarter. Amalgamated Bank now owns 2,203 shares of the company’s stock worth $451,000 after acquiring an additional 62 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Chemed by 0.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 8,681 shares of the company’s stock valued at $1,776,000 after buying an additional 64 shares during the period. Finally, Bbva Compass Bancshares Inc. lifted its stake in Chemed by 2.1% in the second quarter. Bbva Compass Bancshares Inc. now owns 3,822 shares of the company’s stock valued at $782,000 after buying an additional 77 shares during the period. 97.72% of the stock is currently owned by institutional investors.
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Chemed Company Profile
Chemed Corporation purchases, operates and divests subsidiaries engaged in various business activities. The Company operates through two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company’s VITAS provides hospice and palliative care services to its patients through a network of physicians, registered nurses, home health aides, social workers, clergy and volunteers.
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