Addus HomeCare (NASDAQ:ADUS) Receives “Market Outperform” Rating from JMP Securities

Addus HomeCare (NASDAQ:ADUS)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a report released on Friday,Benzinga reports. They presently have a $150.00 price objective on the stock. JMP Securities’ price target points to a potential upside of 30.10% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Stephens reissued an “overweight” rating and set a $142.00 price objective on shares of Addus HomeCare in a research report on Wednesday, March 12th. Macquarie reaffirmed an “outperform” rating and set a $133.00 price objective on shares of Addus HomeCare in a research report on Tuesday, June 10th. Finally, Wall Street Zen cut Addus HomeCare from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $142.57.

Addus HomeCare Trading Up 1.1%

Shares of ADUS opened at $115.30 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $108.65 and a two-hundred day simple moving average of $112.03. The stock has a market capitalization of $2.12 billion, a P/E ratio of 26.03, a PEG ratio of 1.63 and a beta of 0.81. Addus HomeCare has a twelve month low of $88.96 and a twelve month high of $136.72.

Addus HomeCare (NASDAQ:ADUS) last posted its earnings results on Monday, May 5th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. Addus HomeCare had a net margin of 6.52% and a return on equity of 9.23%. The firm had revenue of $337.71 million during the quarter, compared to analysts’ expectations of $341.66 million. During the same period last year, the company posted $1.21 EPS. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. On average, research analysts anticipate that Addus HomeCare will post 4.59 EPS for the current year.

Insider Activity

In related news, EVP Michael D. Wattenbarger sold 2,045 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $115.00, for a total value of $235,175.00. Following the transaction, the executive vice president now owns 7,796 shares of the company’s stock, valued at approximately $896,540. This trade represents a 20.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Addus HomeCare

Institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors purchased a new stake in Addus HomeCare in the 4th quarter worth approximately $51,149,000. American Century Companies Inc. lifted its holdings in shares of Addus HomeCare by 695.8% in the 4th quarter. American Century Companies Inc. now owns 284,346 shares of the company’s stock worth $35,643,000 after acquiring an additional 248,613 shares during the last quarter. Nuveen LLC bought a new position in shares of Addus HomeCare during the first quarter valued at approximately $16,155,000. GAMMA Investing LLC boosted its holdings in Addus HomeCare by 10,307.8% during the 1st quarter. GAMMA Investing LLC now owns 130,930 shares of the company’s stock valued at $12,948,000 after acquiring an additional 129,672 shares during the period. Finally, Bank of America Corp DE increased its stake in Addus HomeCare by 273.6% in the 4th quarter. Bank of America Corp DE now owns 175,070 shares of the company’s stock worth $21,945,000 after buying an additional 128,211 shares during the period. 95.35% of the stock is owned by institutional investors.

About Addus HomeCare

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. The company operates through three segments: Personal Care, Hospice, and Home Health.