Brokerages Set Chemed Corporation (NYSE:CHE) Price Target at $501.50

Shares of Chemed Corporation (NYSE:CHEGet Free Report) have been given a consensus recommendation of “Hold” by the six research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $480.25.

CHE has been the subject of a number of analyst reports. Zacks Research raised Chemed from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Royal Bank Of Canada increased their price objective on Chemed from $422.00 to $436.00 and gave the stock a “sector perform” rating in a research report on Monday, April 27th. Wall Street Zen downgraded Chemed from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Bank of America upped their price target on shares of Chemed from $450.00 to $510.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Weiss Ratings upgraded shares of Chemed from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 29th.

Read Our Latest Research Report on CHE

Insider Transactions at Chemed

In other news, CEO Kevin J. Mcnamara sold 2,000 shares of Chemed stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $421.13, for a total transaction of $842,260.00. Following the completion of the sale, the chief executive officer directly owned 90,219 shares in the company, valued at approximately $37,993,927.47. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrea R. Lindell sold 1,347 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $447.33, for a total value of $602,553.51. Following the completion of the sale, the director owned 4,578 shares in the company, valued at approximately $2,047,876.74. This represents a 22.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.33% of the company’s stock.

Institutional Trading of Chemed

Several large investors have recently modified their holdings of CHE. Intech Investment Management LLC acquired a new stake in Chemed in the 3rd quarter worth about $1,429,000. SG Americas Securities LLC grew its holdings in Chemed by 773.5% in the 4th quarter. SG Americas Securities LLC now owns 26,466 shares of the company’s stock valued at $11,324,000 after buying an additional 23,436 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Chemed by 14.5% during the 4th quarter. BNP Paribas Financial Markets now owns 35,024 shares of the company’s stock valued at $14,985,000 after acquiring an additional 4,430 shares during the last quarter. Abacus FCF Advisors LLC purchased a new position in shares of Chemed during the 4th quarter worth about $5,935,000. Finally, TD Asset Management Inc lifted its holdings in shares of Chemed by 7.5% during the 4th quarter. TD Asset Management Inc now owns 324,546 shares of the company’s stock worth $138,860,000 after acquiring an additional 22,715 shares during the period. 95.85% of the stock is currently owned by institutional investors and hedge funds.

Chemed Stock Performance

Shares of CHE stock traded down $2.70 during mid-day trading on Friday, hitting $487.76. The stock had a trading volume of 143,289 shares, compared to its average volume of 193,784. The firm has a market cap of $6.47 billion, a PE ratio of 26.58, a PEG ratio of 1.80 and a beta of 0.52. The company’s 50-day simple moving average is $443.16 and its 200-day simple moving average is $428.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.83. Chemed has a fifty-two week low of $365.20 and a fifty-two week high of $493.47.

Chemed (NYSE:CHEGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $5.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.30 by $0.35. Chemed had a net margin of 10.23% and a return on equity of 27.18%. The firm had revenue of $657.51 million during the quarter, compared to analysts’ expectations of $659.22 million. During the same period in the prior year, the company posted $5.63 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Chemed has set its FY 2026 guidance at 24.000-24.75 EPS. Sell-side analysts anticipate that Chemed will post 22.67 earnings per share for the current year.

Chemed Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Thursday, May 28th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, May 28th. Chemed’s dividend payout ratio is presently 13.08%.

About Chemed

(Get Free Report)

Chemed Corporation is a diversified provider of essential home services and healthcare solutions in the United States. Headquartered in Cincinnati, Ohio, the company operates through two principal business segments—Roto-Rooter and Vitas Healthcare. Since its founding in 1974, Chemed has built a reputation for reliability and expertise, serving both residential and commercial customers across a broad range of markets.

The Roto-Rooter segment offers a comprehensive suite of plumbing, drain cleaning and water restoration services.

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Analyst Recommendations for Chemed (NYSE:CHE)

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