Chemed (NYSE:CHE) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $10.60-10.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.01.
Shares of Chemed (NYSE CHE) traded up $4.35 during mid-day trading on Wednesday, reaching $253.73. 140,231 shares of the company’s stock traded hands, compared to its average volume of 97,507. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $4,033.49, a price-to-earnings ratio of 56.38 and a beta of 1.13. Chemed has a one year low of $170.54 and a one year high of $275.83.
CHE has been the subject of several research analyst reports. KeyCorp reaffirmed a hold rating on shares of Chemed in a research note on Friday, October 27th. Oppenheimer raised their price objective on shares of Chemed from $220.00 to $225.00 and gave the company an outperform rating in a research note on Friday, October 27th. TheStreet raised shares of Chemed from a c+ rating to an a- rating in a research note on Friday, October 27th. Royal Bank of Canada raised their price objective on shares of Chemed to $232.00 and gave the company a sector perform rating in a research note on Tuesday, October 31st. Finally, Zacks Investment Research raised shares of Chemed from a hold rating to a buy rating and set a $251.00 price objective for the company in a research note on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $236.00.
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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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