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Enter Symbol:
Rating: AMED
Sector Perform $23
down 49.00 %

Amedisys Inc (NASDAQ: AMED) upgraded to Sector Perform with price target $23 by RBC Capital Mkts

Monday,  Dec 1, 2014  8:25 AM ET by Dave Ficere

RBC Capital Mkts upgraded Amedisys Inc (NASDAQ: AMED) to Sector Perform with price target $23. Previously RBC Capital Mkts rated Underperform with price target $9 Amedisys
Inc (NASDAQ: AMED) on 10/21/2013, when the stock price was $17.39. Since then, Amedisys Inc's stock price has gained 49% as of 12/01/2014's recent price of $25.96.
If you would have followed the previous RBC Capital Mkts's recommendation on AMED, you would have lost 49% of your investment in 406 days.

Amedisys, Inc. (Amedisys) is a provider of home health services to the chronic, co-morbid, aging American population. The services that the Company provides include both home health and hospice services with approximately 87% of its revenue derived from Medicare. As of December 31, 2008, Amedisys owned and operated 480 Medicare-certified home health agencies, 48 Medicare-certified hospice agencies and managed the operations of four Medicare-certified home health and two Medicare-certified hospice agencies in 37 states within the United States, the District of Columbia and Puerto Rico. Its home health patient is Medicare eligible, approximately years old and takes approximately 12 different medications on a daily basis and has multiple co-morbidities. For the Company?s home health patients, it receives a 60-day, episodic-based payment from Medicare. On March 26, 2008, the Company completed the acquisition of TLC Health Care Services, Inc.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.

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