RBC Capital Sticks to Its Buy Rating for Chemed (CHE)
RBC Capital analyst Ben Hendrix maintained a Buy rating on Chemed yesterday and set a price target of $572.00.
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Hendrix covers the Healthcare sector, focusing on stocks such as CVS Health, Brookdale Senior Living, and Select Medical. According to TipRanks, Hendrix has an average return of 4.6% and a 51.76% success rate on recommended stocks.
Chemed has an analyst consensus of Strong Buy, with a price target consensus of $574.25.
Based on Chemed’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $624.9 million and a net profit of $64.24 million. In comparison, last year the company earned a revenue of $606.18 million and had a net profit of $75.78 million
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CHE in relation to earlier this year. Last month, Kevin J. McNamara, the President & CEO of CHE sold 2,000.00 shares for a total of $875,100.00.
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