Stephens Trims Addus HomeCare (NASDAQ:ADUS) Target Price to $101.00

Addus HomeCare (NASDAQ:ADUS – Get Rating) had its price objective trimmed by Stephens from $110.00 to $101.00 in a research note issued to investors on Tuesday morning, The Fly reports. The brokerage currently has an overweight rating on the stock.

ADUS has been the subject of several other reports. Royal Bank of Canada reduced their price objective on Addus HomeCare from $125.00 to $111.00 in a research note on Wednesday, May 4th. Bank of America assumed coverage on Addus HomeCare in a research note on Wednesday, April 13th. They issued a buy rating and a $110.00 price objective for the company. Finally, StockNews.com assumed coverage on Addus HomeCare in a research note on Thursday, March 31st. They issued a buy rating for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of Buy and an average target price of $109.25.

Shares of ADUS stock opened at $81.73 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.65 and a quick ratio of 2.65. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 2.05 and a beta of 0.87. The stock has a 50 day simple moving average of $82.86 and a 200-day simple moving average of $83.30. Addus HomeCare has a 1-year low of $68.57 and a 1-year high of $108.11.

Addus HomeCare (NASDAQ:ADUS – Get Rating) last announced its earnings results on Monday, May 2nd. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $226.63 million for the quarter, compared to analyst estimates of $227.54 million. Addus HomeCare had a return on equity of 8.83% and a net margin of 5.05%. During the same period in the previous year, the company earned $0.62 earnings per share. Analysts anticipate that Addus HomeCare will post 3.22 earnings per share for the current fiscal year.

In other news, EVP Michael D. Wattenbarger sold 1,718 shares of the stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $85.00, for a total transaction of $146,030.00. Following the completion of the transaction, the executive vice president now directly owns 7,012 shares in the company, valued at approximately $596,020. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 1,992 shares of company stock valued at $168,502. Company insiders own 4.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of Addus HomeCare by 7.0% during the 1st quarter. Bank of America Corp DE now owns 111,782 shares of the company’s stock worth $10,428,000 after purchasing an additional 7,332 shares during the period. Van Hulzen Asset Management LLC boosted its holdings in Addus HomeCare by 15.6% during the 1st quarter. Van Hulzen Asset Management LLC now owns 8,518 shares of the company’s stock valued at $795,000 after acquiring an additional 1,147 shares during the period. Avalon Investment & Advisory purchased a new position in Addus HomeCare during the 1st quarter valued at about $3,782,000. Quantbot Technologies LP boosted its holdings in Addus HomeCare by 1,014.9% during the 1st quarter. Quantbot Technologies LP now owns 1,349 shares of the company’s stock valued at $125,000 after acquiring an additional 1,228 shares during the period. Finally, Eaton Vance Management boosted its holdings in Addus HomeCare by 20.9% during the 1st quarter. Eaton Vance Management now owns 754,080 shares of the company’s stock valued at $70,348,000 after acquiring an additional 130,469 shares during the period. Institutional investors and hedge funds own 96.04% of the company’s stock.

About Addus HomeCare (Get Rating)

Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates through three segments: Personal Care, Hospice, and Home Health.

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