Almost Family Inc (AFAM) is Upgraded by RBC Capital Mkts to Outperform, Raises Price Target to $ 55

Almost Family Inc (AFAM) was Upgraded by RBC Capital Mkts to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 55 from a previous price target of $48 . Earlier the firm had a rating of “Sector Perform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Oct 19, 2016.

On the company’s financial health, Almost Family Inc reported $0.61 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.64. The company had revenue of $155.99 million for the quarter, compared to analysts expectations of $155.18 million. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Almost Family Inc closed down -0.23 points or -0.63% at $36.48 with 44,508 shares getting traded on Friday. Post opening the session at $36.85, the shares hit an intraday low of $36.39 and an intraday high of $37.28 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 18, 2015, Henry M Jr Altman (director) sold 1,000 shares at $50.10 per share price. According to the SEC, on Aug 7, 2015, Tyree G Wilburn (director) sold 12,500 shares at $48.18 per share price. On Aug 5, 2015, Steven B Bing (director) sold 2,125 shares at $48.14 per share price, according to the Form-4 filing with the securities and exchange commission.

Almost Family Inc. along with its subsidiaries is a provider of home health services. The Company has two divisions Home Health Care and Healthcare Innovations. The Home Health Care division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). Healthcare Innovations is also a segment. The VN segment provides a range of home health nursing services to patients in need of recuperative care typically following a period of hospitalization or care in an inpatient facility. The PC segment provides services in patients’ homes primarily on an as-needed hourly basis. The Company’s Healthcare Innovations segment includes its developmental activities outside its traditional home health business platform. The Company has service locations in Florida Tennessee Ohio Kentucky Connecticut New Jersey Massachusetts Indiana Illinois Pennsylvania Georgia Missouri New York Mississippi and Alabama.

Almost Family Inc

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