Almost Family Inc (AFAM) Given Hold Rating at SunTrust Banks, Inc.

SunTrust Banks, Inc. reiterated their hold rating on shares of Almost Family Inc (NASDAQ:AFAM) in a report published on Friday morning. They currently have a $58.00 target price on the stock. SunTrust Banks also issued estimates for Almost Family’s Q4 2017 earnings at $0.56 EPS and FY2017 earnings at $2.09 EPS.

A number of other research firms also recently commented on AFAM. BidaskClub downgraded Almost Family from a buy rating to a hold rating in a research report on Monday, July 24th. J P Morgan Chase & Co boosted their target price on Almost Family to $59.00 and gave the stock a neutral rating in a research report on Wednesday. Zacks Investment Research downgraded Almost Family from a hold rating to a sell rating in a research report on Wednesday. ValuEngine upgraded Almost Family from a hold rating to a buy rating in a research report on Thursday. Finally, Jefferies Group LLC reiterated a buy rating and set a $58.00 target price on shares of Almost Family in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Almost Family currently has a consensus rating of Hold and a consensus target price of $58.33.

Almost Family (NASDAQ:AFAM) traded down $1.55 during trading on Friday, hitting $51.25. The company had a trading volume of 104,800 shares, compared to its average volume of 136,733. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.40 and a current ratio of 2.40. Almost Family has a 12-month low of $39.34 and a 12-month high of $62.95. The stock has a market capitalization of $737.35, a P/E ratio of 24.79, a PEG ratio of 2.59 and a beta of 0.40.

Almost Family (NASDAQ:AFAM) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Almost Family had a return on equity of 6.12% and a net margin of 2.02%. The firm had revenue of $194.30 million for the quarter, compared to the consensus estimate of $199.93 million. During the same period in the previous year, the business earned $0.66 earnings per share. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. research analysts expect that Almost Family will post 2.08 EPS for the current fiscal year.

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In related news, SVP John Shermyen sold 2,000 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $52.00, for a total value of $104,000.00. Following the completion of the transaction, the senior vice president now directly owns 79,864 shares in the company, valued at $4,152,928. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.10% of the company’s stock.

A number of large investors have recently made changes to their positions in AFAM. Chartwell Investment Partners LLC increased its stake in Almost Family by 1,151.8% during the third quarter. Chartwell Investment Partners LLC now owns 271,001 shares of the company’s stock worth $14,552,000 after acquiring an additional 249,352 shares during the last quarter. Vanguard Group Inc. increased its stake in Almost Family by 33.0% during the first quarter. Vanguard Group Inc. now owns 637,314 shares of the company’s stock worth $30,973,000 after acquiring an additional 157,955 shares during the last quarter. Summit Creek Advisors LLC purchased a new stake in shares of Almost Family in the third quarter worth about $7,810,000. Capital Research Global Investors boosted its position in shares of Almost Family by 46.0% in the second quarter. Capital Research Global Investors now owns 457,000 shares of the company’s stock worth $28,174,000 after buying an additional 144,000 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Almost Family by 437.0% in the third quarter. Russell Investments Group Ltd. now owns 126,742 shares of the company’s stock worth $6,806,000 after buying an additional 103,141 shares during the period. Institutional investors own 86.83% 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.

Analyst Recommendations for Almost Family (NASDAQ:AFAM)

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