Chemed (CHE) Reaches $334.67 High on May, 18; Eaton Vance Risk-managed Diversified Equity Income Fund (ETJ) Has 1.4 Sentiment

May 18, 2018 - By Hazel Jackson

The stock of Chemed Corporation (NYSE:CHE) reached all time high today, May, 18 and still has $354.75 target or 6.00% above today’s $334.67 share price. This indicates more upside for the $5.33B company. This technical setup was reported by Barchart.com. If the $354.75 PT is reached, the company will be worth $320.04 million more. The stock increased 0.85% or $2.8199 during the last trading session, reaching $334.6699. About 38,299 shares traded. Chemed Corporation (NYSE:CHE) has risen 48.33% since May 18, 2017 and is uptrending. It has outperformed by 36.78% the S&P500.

Eaton Vance Risk-managed Diversified Equity Income Fund (ETJ) investors sentiment increased to 1.4 in 2017 Q4. It’s up 0.40, from 1 in 2017Q3. The ratio has improved, as 35 funds increased and started new stock positions, while 25 sold and reduced equity positions in Eaton Vance Risk-managed Diversified Equity Income Fund. The funds in our database now hold: 8.25 million shares, up from 8.07 million shares in 2017Q3. Also, the number of funds holding Eaton Vance Risk-managed Diversified Equity Income Fund in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 15 Increased: 20 New Position: 15.

Among 3 analysts covering Chemed (NYSE:CHE), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Chemed has $29600 highest and $129 lowest target. $260.50’s average target is -22.16% below currents $334.6699 stock price. Chemed had 18 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Friday, September 1. On Wednesday, July 5 the stock rating was maintained by RBC Capital Markets with “Hold”. On Friday, February 16 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by RBC Capital Markets on Sunday, July 30 with “Hold”. On Friday, October 27 the stock rating was maintained by Oppenheimer with “Outperform”. RBC Capital Markets maintained it with “Sector Perform” rating and $148 target in Tuesday, November 1 report. RBC Capital Markets maintained Chemed Corporation (NYSE:CHE) on Sunday, April 22 with “Hold” rating. The rating was maintained by Oppenheimer on Tuesday, July 25 with “Buy”. The company was maintained on Monday, July 27 by RBC Capital Markets. As per Monday, October 26, the company rating was maintained by RBC Capital Markets.

Chemed Corporation provides hospice and palliative care services in the United States. The company has market cap of $5.33 billion. It operates through two divisions, VITAS and Roto-Rooter. It has a 57.11 P/E ratio. The firm offers its services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers.

More recent Chemed Corporation (NYSE:CHE) news were published by: Globenewswire.com which released: “VITAS HEALTHCARE JOINS AMERICAN HOSPITAL ASSOCIATION” on May 07, 2018. Also Seekingalpha.com published the news titled: “Chemed’s (CHE) CEO Kevin McNamara on Q1 2018 Results – Earnings Call Transcript” on April 20, 2018. Benzinga.com‘s news article titled: “Earnings Scheduled For April 19, 2018” with publication date: April 19, 2018 was also an interesting one.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.08, from 1.04 in 2017Q3. It dropped, as 18 investors sold Chemed Corporation shares while 94 reduced holdings. 49 funds opened positions while 58 raised stakes. 14.86 million shares or 3.45% less from 15.40 million shares in 2017Q3 were reported. Us State Bank De has 0.01% invested in Chemed Corporation (NYSE:CHE) for 16,012 shares. Bell National Bank & Trust has 0.12% invested in Chemed Corporation (NYSE:CHE) for 1,764 shares. Hsbc Holdings Public Ltd Com owns 0% invested in Chemed Corporation (NYSE:CHE) for 11,143 shares. Hengehold Capital Management Limited Liability Corporation, a Ohio-based fund reported 837 shares. Apg Asset Nv holds 34,400 shares or 0.01% of its portfolio. Raymond James Fincl Services accumulated 1,289 shares. Bancshares Of America Corporation De reported 81,827 shares. Legal And General Gp Plc stated it has 33,320 shares or 0.01% of all its holdings. Hancock Holding Co owns 3,300 shares. Stephens Ar reported 0.01% of its portfolio in Chemed Corporation (NYSE:CHE). 4,970 are owned by Metropolitan Life Insur New York. Stifel Fincl Corp holds 0% or 5,370 shares in its portfolio. Mcf reported 0.03% stake. Schroder Mngmt Group invested in 6,127 shares or 0% of the stock. Public Employees Retirement Association Of Colorado reported 3,205 shares stake.

Analysts await Chemed Corporation (NYSE:CHE) to report earnings on July, 24. They expect $2.68 EPS, up 24.65% or $0.53 from last year’s $2.15 per share. CHE’s profit will be $42.71M for 31.22 P/E if the $2.68 EPS becomes a reality. After $2.72 actual EPS reported by Chemed Corporation for the previous quarter, Wall Street now forecasts -1.47% negative EPS growth.

Since January 12, 2018, it had 0 insider buys, and 14 sales for $28.34 million activity. Another trade for 300 shares valued at $91,476 was made by Dallob Naomi C on Tuesday, April 24. The insider SAUNDERS DONALD E sold $117,485. 15,713 shares were sold by WILLIAMS DAVID PATRICK, worth $4.74 million on Tuesday, April 24. Shares for $4.04M were sold by Westfall Nicholas Michael. 1,428 shares were sold by LEE SPENCER S, worth $428,257 on Wednesday, April 25. MCNAMARA KEVIN J also sold $1.55M worth of Chemed Corporation (NYSE:CHE) shares. On Wednesday, May 2 the insider Witzeman Michael D sold $313,000.

Chemed Corporation (NYSE:CHE) Institutional Positions Chart

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