RBC Capital Believes AFAM Still Has Room to Grow

By Austin Angelo

RBC Capital analyst Frank Morgan reiterated a Buy rating on Almost Family Inc (NASDAQ: AFAM) today and set a price target of $56. The company’s shares closed yesterday at $49, close to its 52-week high of $50.98.

According to TipRanks.com, Morgan is a 5-star analyst with an average return of 9.8% and a 57.5% success rate. Morgan covers the Healthcare sector, focusing on stocks such as Fresenius Medical Care Corp, Quest Diagnostics Inc, and Surgery Partners Inc.

Currently, the analyst consensus on Almost Family Inc is Strong Buy and the average price target is $56, representing a 14.3% upside.

In a report issued on March 8, Robert W. Baird also reiterated a Buy rating on the stock with a $56 price target.

Almost Family Inc’s market cap is currently $509M and has a P/E ratio of 28.65. The company has a book value ratio of 1.6809.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AFAM in relation to earlier this year. Most recently, in January 2017, Donald Mcclinton, a Director at AFAM bought 4,500 shares for a total of $87,300.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Almost Family, Inc. provides home health nursing, rehabilitation and personal care services. The company operates its business through two segments: Visiting Nurse and Personal Care. The Visiting Nurse segment provides a comprehensive range of medicare-certified home health nursing services to patients in need of recuperative care, for a period of hospitalization or care in another type of inpatient facility. The Personal Care segment provides in patients homes and personal care services, such as medication management, meal preparation, caregiver respite and homemaking. The company serves Medicare, Medicaid and private insurance companies. Almost Family was founded in 1976 and is headquartered in Louisville, KY.