Amedisys Inc (AMED) PT Raised to $60.00

Amedisys Inc (NASDAQ:AMED) had its target price boosted by Robert W. Baird from $50.00 to $60.00 in a report issued on Friday. They currently have a neutral rating on the health services provider’s stock.

AMED has been the topic of several other reports. Mizuho upgraded shares of Amedisys from a neutral rating to a buy rating and lifted their price objective for the stock from $55.00 to $65.00 in a research report on Thursday, November 2nd. Benchmark Co. upgraded shares of Amedisys from a hold rating to a buy rating and set a $56.00 price objective on the stock in a research report on Thursday, November 2nd. Craig Hallum reiterated a buy rating and set a $68.00 price objective (up from $55.00) on shares of Amedisys in a research report on Thursday, November 9th. BidaskClub upgraded shares of Amedisys from a sell rating to a hold rating in a report on Friday, August 11th. Finally, Jefferies Group LLC restated a buy rating and set a $60.00 price target on shares of Amedisys in a report on Thursday, October 12th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Amedisys currently has a consensus rating of Hold and a consensus price target of $61.00.

Amedisys (AMED) traded up $0.05 during trading on Friday, reaching $56.30. 259,800 shares of the company’s stock traded hands, compared to its average volume of 322,063. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $1,910.00, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 1.36 and a beta of 0.68. Amedisys has a 12-month low of $38.00 and a 12-month high of $65.91.

Amedisys (NASDAQ:AMED) last posted its quarterly earnings results on Tuesday, November 7th. The health services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The firm had revenue of $380.20 million for the quarter, compared to analyst estimates of $384.59 million. Amedisys had a net margin of 2.88% and a return on equity of 14.68%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. analysts predict that Amedisys will post 2.22 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the business. Federated Investors Inc. PA lifted its position in Amedisys by 2.3% during the 2nd quarter. Federated Investors Inc. PA now owns 1,929 shares of the health services provider’s stock worth $122,000 after acquiring an additional 44 shares during the last quarter. Riverhead Capital Management LLC lifted its position in Amedisys by 75.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the health services provider’s stock worth $121,000 after acquiring an additional 831 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Amedisys during the 2nd quarter worth $230,000. Quantitative Systematic Strategies LLC acquired a new position in Amedisys during the 3rd quarter worth $205,000. Finally, SG Americas Securities LLC lifted its position in Amedisys by 48.7% during the 2nd quarter. SG Americas Securities LLC now owns 3,743 shares of the health services provider’s stock worth $235,000 after acquiring an additional 1,226 shares during the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.

About Amedisys

Amedisys, Inc is a healthcare services company. The Company’s segments are Home Health, Hospice, Personal Care and Other. The Company is a provider of home health, hospice and personal care services. As of December 31, 2016, the Company owned and operated 327 Medicare-certified home healthcare centers, 79 Medicare-certified hospice care centers and 14 personal-care care centers in 34 states within the United States and the District of Columbia.

Analyst Recommendations for Amedisys (NASDAQ:AMED)

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