Chemed Corporation (CHE) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 162 from a previous price target of $136 . RBC Capital Mkts advised their investors in a research report released on Jul 27, 2016.
Many Wall Street Analysts have commented on Chemed Corporation. Company shares were Reiterated by RBC Capital Mkts on May 2, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 136 from a previous price target of $135 .
On the company’s financial health, Chemed Corporation reported $1.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $1.72. The company had revenue of $390.40 million for the quarter, compared to analysts expectations of $393.76 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS.
Chemed Corporation closed down -1.11 points or -0.75% at $147.87 with 63,909 shares getting traded on Thursday. Post opening the session at $148.27, the shares hit an intraday low of $147.085 and an intraday high of $148.705 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 17, 2016, Donald E Saunders (director) purchased 77 shares at $126.53 per share price. According to the SEC, on Mar 22, 2016, Spencer S Lee (executive vice president) sold 24,382 shares at $132.56 per share price. On Jan 28, 2016, Patrick P Grace (director) sold 50 shares at $138.98 per share price, according to the Form-4 filing with the securities and exchange commission.
Chemed Corporation (Chemed) purchases operates and divests subsidiaries engaged in diverse business activities. The Company operates its business in two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company’s VITAS segment provides hospice and palliative care services to its patients through a network of physicians registered nurses home health aides social workers clergy and volunteers. VITAS and Innovative Hospice Care are trademarks and service marks of VITAS Healthcare Corporation a wholly owned indirect subsidiary of the Company. The Company’s Roto-Rooter segment provides plumbing and drain cleaning services to both residential and commercial customers. The Roto-Rootera trademarks and service marks are used and advertised by Roto-Rooter Corporation a wholly owned indirect subsidiary of the Company. The Company operates through two wholly owned subsidiaries: VITAS Healthcare Corporation and Roto-Rooter Group Inc.