Chemed Co. (NYSE:CHE) has earned an average rating of “Buy” from the five research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $324.00.

A number of equities analysts have recently commented on the company. Bank of America assumed coverage on Chemed in a report on Friday, October 12th. They issued a “buy” rating and a $390.00 price objective on the stock. Zacks Investment Research upgraded Chemed from a “hold” rating to a “buy” rating and set a $310.00 price objective on the stock in a report on Friday, January 4th.

Shares of NYSE:CHE opened at $297.94 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.23. Chemed has a 12-month low of $243.95 and a 12-month high of $335.99. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 1.69 and a beta of 1.23.

Chemed (NYSE:CHE) last issued its quarterly earnings results on Monday, October 29th. The company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.27. The firm had revenue of $444.15 million for the quarter, compared to analyst estimates of $445.16 million. Chemed had a return on equity of 35.13% and a net margin of 11.73%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $2.15 EPS. Sell-side analysts expect that Chemed will post 11.41 earnings per share for the current year.

In other news, insider Nicholas Michael Westfall sold 5,709 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $301.75, for a total value of $1,722,690.75. Following the transaction, the insider now directly owns 16,052 shares in the company, valued at approximately $4,843,691. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Naomi C. Dallob sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $317.23, for a total value of $1,744,765.00. Following the sale, the vice president now owns 11,122 shares in the company, valued at $3,528,232.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,662 shares of company stock worth $7,259,293. Company insiders own 4.82% of the company’s stock.

Large investors have recently made changes to their positions in the stock. First Hawaiian Bank raised its holdings in shares of Chemed by 21.3% during the 4th quarter. First Hawaiian Bank now owns 290 shares of the company’s stock valued at $82,000 after buying an additional 51 shares during the period. Cerebellum GP LLC purchased a new stake in shares of Chemed during the 3rd quarter valued at about $148,000. Tower Research Capital LLC TRC raised its holdings in shares of Chemed by 70.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 544 shares of the company’s stock valued at $175,000 after buying an additional 224 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Chemed during the 3rd quarter valued at about $225,000. Finally, We Are One Seven LLC purchased a new stake in shares of Chemed during the 3rd quarter valued at about $228,000. Institutional investors and hedge funds own 87.85% of the company’s stock.

Chemed Company Profile

Chemed Corporation provides hospice and palliative care services in the United States. It operates through two segments, VITAS and Roto-Rooter. The VITAS segment offers direct medical services, as well as spiritual and emotional counseling services to terminally ill patients. This segment offers its services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers.

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