RBC Capital Believes Amedisys (AMED) Won’t Stop Here


In a report released yesterday, Frank Morgan from RBC Capital reiterated a Buy rating on Amedisys (NASDAQ: AMED), with a price target of $115. The company’s shares closed yesterday at $106.01, close to its 52-week high of $108.92.

According to TipRanks.com, Morgan is a 5-star analyst with an average return of 16.3% and a 67.5% success rate. Morgan covers the Services sector, focusing on stocks such as Encompass Health Corporation, Fresenius Medical Care Corp, and Envision Healthcare.

Currently, the analyst consensus on Amedisys is a Moderate Buy with an average price target of $106.25, implying a 0.2% upside from current levels. In a report issued on July 31, Oppenheimer also assigned a Buy rating to the stock with a $103 price target.

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The company has a one-year high of $108.92 and a one-year low of $45.60. Currently, Amedisys has an average volume of 304K.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock.

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Amedisys, Inc. engages in the provision of healthcare services. It operates through the following business segments: Home Health, Hospice, and Personal Care. The Home Health segment delivers services in the homes of individuals who may be recovering from an illness, injury, or surgery.

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