Amedisys, Inc. (NASDAQ:AMED) Receives Consensus Rating of “Hold” from Brokerages

Amedisys, Inc. (NASDAQ:AMED) has received an average rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $97.50.

Several equities analysts have issued reports on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $101.00 price target on shares of Amedisys in a research note on Thursday, April 25th. Raymond James reissued a “market perform” rating on shares of Amedisys in a research note on Tuesday, March 26th. StockNews.com raised shares of Amedisys from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Royal Bank of Canada increased their price objective on shares of Amedisys from $97.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th.

Hedge Funds Weigh In On Amedisys

Hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC raised its stake in shares of Amedisys by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 3,896 shares of the health services provider’s stock worth $364,000 after purchasing an additional 110 shares during the last quarter. Xponance Inc. raised its position in Amedisys by 3.2% in the 3rd quarter. Xponance Inc. now owns 4,076 shares of the health services provider’s stock valued at $381,000 after buying an additional 125 shares during the last quarter. Retirement Systems of Alabama lifted its stake in Amedisys by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 40,871 shares of the health services provider’s stock valued at $3,885,000 after acquiring an additional 125 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in Amedisys by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 14,204 shares of the health services provider’s stock worth $1,350,000 after acquiring an additional 140 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Amedisys by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 9,284 shares of the health services provider’s stock worth $867,000 after acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 94.36% of the company’s stock.

Amedisys Stock Down 0.4 %

Shares of NASDAQ AMED opened at $92.08 on Friday. The company has a 50 day simple moving average of $92.40 and a 200 day simple moving average of $93.33. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 1.09. Amedisys has a 1 year low of $73.10 and a 1 year high of $96.44. The firm has a market cap of $3.01 billion, a PE ratio of -143.88, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

Amedisys (NASDAQ:AMED) last announced its earnings results on Wednesday, April 24th. The health services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.02 by $0.01. Amedisys had a positive return on equity of 12.85% and a negative net margin of 0.91%. The business had revenue of $571.41 million for the quarter, compared to analysts’ expectations of $565.38 million. During the same period in the prior year, the business posted $1.00 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. On average, research analysts forecast that Amedisys will post 4.57 EPS for the current year.

About Amedisys

Amedisys, Inc, together with its subsidiaries, provides healthcare services in the United States. It operates through three segments: Home Health, Hospice, and High Acuity Care. The Home Health segment offers a range of services in the homes of individuals for the recovery of patients from surgery, chronic disability, or terminal illness, as well as prevents avoidable hospital readmissions through its skilled nurses; nursing services, rehabilitation therapists specialized in physical, speech, and occupational therapy; and social workers and aides for assisting its patients.